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Fiat on track for higher profit

Fiat on track for higher profit
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Fiat’s shares shot up on a higher than expected second quarter trading profit and it said it may raise its profit targets later this year.

The Italian carmaker’s earnings before interest, taxes and one-off items rose to 651 million euros from 310 million a year ago

Fiat also announced further details of plans to split the car business from its industrial activities.