Fiat Industrial sees growth from US unit merger

Published January 31, 2013 6:37pm ET



MILAN (AP) — Italian heavy-duty vehicles maker Fiat Industrial reported a 20 percent increase in fourth quarter profit Thursday and forecast revenue would increase 5 percent in 2013 as it completes the full merger with its U.S.-based farm and construction equipment maker, CNH.

Chairman Sergio Marchionne told analysts that he expects the new company will be listed on the New York Stock Exchange early in the third quarter. Fiat Industrial shareholders will meet in April to vote on the deal.

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