Fiat Chrysler Automobiles NV cut its financial targets after disappointing sales in China took a toll on second-quarter results, marking a rocky beginning to the tenure of new CEO Mike Manley. The Italian-American automaker lowered its guidance for revenue and profit this year, and said higher competition and slumping sport utility vehicles sales in China had hurt revenue. The automaker said net income for the quarter fell 35 percent to $881.9 million. Revenue gained 4 percent to $33.91 billion.
