Fiat Chrysler Automobiles (FCA) reported a near doubling in annual earnings on Thursday.
Profits for 2017 jumped 93% compared to the prior year, to €3.5bn, with all business segments making progress.
However, FCA modestly trimmed its forecasts for 2018 revenues and estimated adjusted operating profit for the current year at the lower end of its previous guidance.
Rising sales of sports utility vehicles and the more profitable luxury models drove profits higher in 2017.
The earnings jump came despite overall revenue falling behind expectations.
Net revenues of €111bn were in line with the prior year but compared to forecasts of €115-120bn. Worldwide shipments were also in line with the prior year.