AUBURN HILLS (WKZO) -- The parent company of Fiat-Chrysler Automobiles reported 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."
Slower auto sales in Brazil were a leading cause according to company officials. Fiat CEO Sergio Marchionne has also confirmed that shareholders will be voting Friday on a merger between Fiat and Chrysler.