UPDATE 1-Fiat Industrial profit rises on farm machinery growth

Newswire

MILAN, July 31 (Reuters) - Italian truck and tractor maker Fiat Industrial reported a rise in second quarter net profit on Wednesday on the back of higher margins at its farm machinery business and a slight improvement in trucks. Heavy truck markets are slowly picking up due to a need to replace ageing fleets bought during the boom years before the 2008 financial crisis. The Fiat-controlled company, which competes with Caterpillar Inc and Deere ...

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