Italy's Fiat SpA raised its 2011 guidance on Tuesday after beating analysts' forecast for second-quarter trading profit in the first results incorporating U.S. automaker Chrysler.

Fiat, Europe's sixth-biggest automaker by market share, had group trading profit of 525 million euros ($753 million). The median forecast of analysts polled by Fiat was 485 million euros.

(Reporting by Silvia Aloisi, writing by Ian Simpson)