How Will Fiat (FIATY) Stock Respond To Increased Chrysler Sales In May?

NEW YORK (TheStreet) -- Fiat's  (FIATY) Chrysler Group LLC reported May sales that increased 17% after its Ram truck and Jeep SUV brands led the company to a 50th consecutive monthly increase, beating analysts' estimates, Bloomberg reports

Chrysler forecast an annualized sales pace of 16.9 million, including medium-duty and heavy trucks, which typically account for at least 200,000 sales a year.

Analysts surveyed by Bloomberg projected a 16.1 million pace, in line with full-year projections.

Shares of Fiat are flat in early morning trade.

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