Marchionne admits to steep learning curve behind solid Q2 results

Considerable improvements in NAFTA, adjusting to China's new normal and the impact of NHTSA's hefty fine coloured Fiat Chrysler Automobile's (FCA) Q2 performance. Results were strong enough overall to lead the Group to lift its full-year guidance, leaving Chief Executive Sergio Marchionne to conclude: "We feel comfortable that we're going to be in excess of €4.5bn (US$4.9bn) in terms of operating profit. Most of this is in the back of an expected continued performance in NAFTA. We've also raised our top-line to over €110bn for the year. We really have no bad news to report, other than in terms of market weakness in Latin America and APAC, which we will continue to monitor as the year develops."