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Sergio Marchionne

Fiat Chrysler earns $364 million in Q2 despite fines

DETROIT Fiat Chrysler Automobiles said Thursday that it earned a profit of $364 million (333 million euro) during the second quarter despite an $88.5 million onetime charge to cover the cost of a payment to the federal government as a result of a consent agreement the automaker signed with the National Highway Traffic Safety Administration last week to settle recall issues. The quarterly profit was still a 69 percent increase over the $215 million (197 million euro) it earned during the same period last year. The automaker's profit equated to 21 cents per share, beating the expectations of Wall Street analysts who expected the automaker to earn 19 cents per share for the quarter,...

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