Fiat Chrysler Automobiles FCAU 8.78% NV’s reported results that beat expectations, leading to a jump in the company’s stock. The European recovery has been uneven with some countries, including Germany and the U.K., passing their prerecession highs for car sales. Enthusiasm for incremental advances in car sales seen since early 2016 were tempered by political upheaval such as the U.K’s vote to leave the EU and terror attacks across the region. Fiat Chrysler reported an 11% increase in first-quarter profit as revenue advanced and the Italian-American car maker improved results in its two main markets. Paris-based Peugeot is focusing on Europe with its acquisition of GM unit Opel, which will boost auto sales there by 50%, making it the region’s second-largest car maker after Volkswagen.

Source: Wall Street Journal April 26, 2017 11:26 UTC