Fiat Chrysler revises sales data amid probe

For now, it's also unknown from where down the chain of command come the inflated sales figures, but it's already being reported that investigators from the Securities and Exchange Commission and the Department of Justice have been visiting FCA's nine regional business centers, interviewing both former and current employees.

However the net profit of 321 million euros ($353 million) was far below the 619 million euro consensus forecast of analysts surveyed by Factset. The company did not speak about the investigations during an earnings conference call Wednesday. Fiat Chrysler is benefiting from rising sales in the US and Europe. The Chrysler 200 has had poor sales and Fiat Chrysler is looking to outsource future production of the vehicle.

Earnings before interest and taxes for the automaker decreased 14 percent from a year ago to $1.17 million (1.1 million euros) primarily due to recall charges of more than $455 million (414 million euros) related to an expansion of a callback of defective Takata air bag inflators in May. It now sees ending the year with an adjusted net profit of 2 billion euros on 112 billion euros in sales.

The company's new method for the monthly USA deliveries no longer includes a "reserve" number that historically has been included in the figure for fleet and other retail sales and also will account for "unwound" transactions in which a vehicle is returned, according to a statement. The stock has tumbled 27 percent this year, valuing the company at 8 billion euros.

Adjusted EBIT was raised to more than 5.5 billion euros from 5 billion euros and adjusted net profit was raised from 1.9 billion euros to 2 billion euros.

Fiat Chrysler revises sales data amid probe

Worldwide Jeep sales rose 16% with increases in all regions.

However, operating profit for the first half of 2016 was up 23% to €2.37bn from €1.92bn previous year.

FCA's forecast for the rest of the year suggests a slowdown in the second half. Analysts have downgraded growth forecasts for the reason through the rest of the year amid concerns about the fallout from the U.K.'s decision to exit the European Union. General Motors Co. posted a 12.1% North American profit margin in the last quarter.

He added that the company has "made progress" in its efforts to secure a manufacturer to build replacements for those cars, but "we're not in a position to announce anything".

Using its restructured method of counting vehicle sales, the company was able to confirm its month-over-month sales increase that started in April 2010 and supposedly lasted for 75 months actually concluded in September 2013. The company believes its goal of 500,000 annual Jeep sales in China is achievable by 2018.

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