Fiat Chrysler shares jump after mixed first-quarter earnings
seesawed Friday after the company reported disappointing first-quarter earnings but said it's still on track to meet its 2019 profit target.
The automaker said slowing sales in North America and Europe drove profit south, however sales of new U.S. pickup trucks like the Jeep Gladiator and Ram models would help lift its 2019 profit target of more than 6.7 billion euros . Fiat Chrysler also reported that its first-quarter net profit fell 47% from the same time period a year prior, dropping to 508 million euros from 951 million euros during the same quarter last year.
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