Sergio Marchionne

Fiat Chrysler raises outlook as Q2 profits jump 25 percent

Fiat Chrysler Automobiles on Wednesday raised its earnings forecasts after reporting a 25 percent increase in second-quarter profits as SUV and truck sales offset the impact of slumping demand for passenger cars in North America.

The world's seventh-largest carmaker, FCA said that net profit was 321 million euros ($352 million), compared with 257 million euros a year earlier. Last year's second-quarter profits were restated to reflect the spin-off of Ferrari.

The carmaker said it was raising its revenue forecast to above 112 billion euros from 110 billion euros, while increasing its earnings before taxes and interest forecast to "above 5.5 billion euros" from...