Operating profit fell 29% as sales slowed in the U.S. and Europe.
News & Analysis: Fiat Chrysler Automobiles
Despite a strong day for the overall market, bad news for these individual companies hit their shares hard.
A combination of low inventory of the 2019 Chevy Silverado -- particularly lower-priced variants -- and big discounts on Ram trucks allowed Ram to take the No. 2 market share position in the U.S. last quarter.
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Fiat Chrysler is running into headwinds after a multiyear run of strong profit growth. Meanwhile, General Motors expects solid earnings and cash flow growth for the foreseeable future.
It wasn't the earnings, it was the guidance.
Earnings concerns sent some stocks sharply lower.
But FCA tempered its expectations for 2019.