Fiat Chrysler limits losses

Fiat Chrysler Automobiles (FCA) announced Friday an adjusted loss of $1.1 billion (928 million euros) in the second quarter as a result of the pandemic. The loss, although significant, is smaller than predicted because of the OEM’s strong performance in the North American market, where Jeep and Ram brands helped boost earnings to approximately $46.2 million (39 million euros). With the apex of the pandemic over, FCA’s plants are now operational and their dealerships are again selling vehicles in showrooms and online. (Source: Autoblog) Read the original article…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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