Fiat Chrysler posts record Q3 profit ahead of Peugeot merger

picture: John Stillwell/PA

Fiat Chrysler has reported record third-quarter earnings as production returned to nearly pre-pandemic levels.

The Italian-American car maker, which is finalising its full merger with French rival PSA Peugeot, reported a net profit in the three months ending on September 30 of 1.2 billion euros (£1.09 billion). That compares with a loss of 179 million euros (£162 million) a year earlier.