Fiat-Chrysler expects new plant to boost Brazil profitability

The Jeep Renegade will be built in Brazil.

March 07, 2014 05:00 AM

GENEVA (Reuters) -- Fiat Chrysler Automobiles expects a new plant in Brazil to boost its profitability in that market by 2017 after a cut to subsidies and currency effects hit profits there last year, CEO Sergio Marchionne said.

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