Fiat Chrysler Automobiles increased its earnings forecast after returning to a profit in the third quarter, driven by strong results in North America.
Fiat Chrysler reported Tuesday an adjusted net profit of 606 million euros ($659 million), compared with a loss of 387 million euros in the same period last year. Revenues were flat at 26.8 billion euros, with deliveries down marginally to 1.12 million units.
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The group raised its profit forecasts to above 2.3 billion euros from above 2 billion euros, while confirming net revenues of above 112 billion euros.
North America accounted for two-thirds of revenues, notwithstanding an 8 percent decrease in shipments as the carmaker realigns its product offer in favor of Jeep and Ram.
Results in Europe and Asia and for luxury brand Maserati showed improvements.