The Italian automaker Fiat, which controls Chrysler, on Wednesday reported a return to second-quarter profits on improved sales of agriculture equipment and trucks, and said it may raise its 2010 forecasts.
Fiat also said its board approved the plan to separate its industrial vehicle and auto businesses into two distinct companies in order to "give birth" to a global automotive company that will incorporate Chrysler LCC. The plan was announced in April.
A second-quarter net profit of (EURO)90 million ($115.6 million) compares with a loss of (EURO)168 million in the same period last year. Net revenues were up 12.5 percent to (EURO)14.8 billion.
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