Chrysler warning hits Fiat

Fiat’s US unit Chrysler, which generates most of the group's net profit, lowered its outlook yesterday as it struggled to fill orders due to parts shortages, sending the Italian carmaker's shares down four per cent. In recent quarters, Chrysler's booming US sales have compensated for Fiat's losses in Europe. Fiat-Chrysler boss Sergio Marchionne said Chrysler had seen parts shortages at most of its plants as it tried to keep up with strong demand.