Italian-American automaker FCA posts net losses of 1 bln euros in Q2


By UnreguserLi Jie
  • World
  • Saturday, 01 Aug 2020

ROME, July 31 (Xinhua) -- Italian-American automaker Fiat Chrysler Automobiles (FCA) posted net losses of 1 billion euros (1.18 billion U.S. dollars) in the second quarter (Q2) this year, the company said in its financial results Friday.

FCA said it shipped 424,000 vehicles worldwide in Q2, down by 63 percent compared to the same period last year, due to COVID-19 pandemic-related production stoppages and demand disruptions.

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