Fiat Chrysler’s stock ticks higher after vehicle sales slip in September

Shares of Fiat Chrysler Automobiles N.V. rose 0.3% in morning trade Monday, after the automaker reported total U.S. vehicle sales in September fell 1% from a year ago, as a 17% decline in sales of cars and multipurpose vehicles and and a 3% drop in utility vehicles offset a 27% increase in truck and light commercial vehicle sales. Among individual brands, Jeep sales fell 3%, Chrysler slid 27%, Dodge declined 6%, Fiat tumbled 30% and Ram jumped 27%. The stock has tumbled 30% year to date, while the S&P 500 has gained 5.7%.

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From:: Stock Market News

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