Automobile company Fiat Chrysler in the second quarter recorded a decrease in its net profit by 34.7% in annual terms to 754 million euros. Adjusted EBIT amounted to 1 billion 660 million euros, showing a decrease of 11%. Quarterly revenue increased by 4% to 28 billion 993 million euros. Sales of the company in the past quarter grew by 6% and amounted to 1 million 300 thousand cars. Fiat Chrysler revenue growth is observed in North America, Europe, the Middle East, Africa and Latin America. However, in the Asia-Pacific region, the company reduced revenues to 652 million euros and received a loss of 98 million euros against a profit of 44 million euros a year earlier. In the first half of the year, profit fell by 1.2%, revenue grew by 1%.
Fed balance sheet down for second straight week as currency swaps cut expand
25.06.2020Italy grants $7.1 billion loan to Fiat Chrysler
22.06.2020European shares drop as second virus wave unsettles investors
19.06.2020Dollar slips as concerns mount over potential second wave; Euro also in focus
