Fiat surprises with profit leap but shares fall

MILAN, Lombardy, July 30: Italian auto giant Fiat reported a huge increase in second-quarter profit on Tuesday but its share price plunged after US partner Chrysler revised down its 2013 financial targets.

Fiat said its net earnings came in at 435 million euros ($577 million) -- 82 percent more than in the same quarter last year. — AFP

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