Wednesday, July 30, 2014
(Undated) -- The parent company of Fiat-Chrysler Automobiles is reporting a lower profit than analysts had predicted. Fiat SpA reported earnings of 235-million dollars for the second quarter of the year. The total missed the mark of over 418-million that had been anticipated according to "Bloomberg News." Company officials say slower auto sales in Brazil were a leading cause. Fiat CEO Sergio Marchionne also confirmed today that shareholders will be voting Friday on a merger between Fiat and Chrysler.