Wednesday, 17 April 2024
Fiat Chrysler said on Tuesday it turned to a net loss in the first quarter as a consequence of the crisis triggered by the spread of the coronavirus.
“The pandemic has had, and continues to have, a significant impact on our operations,” Fiat Chrysler (FCA) said in a statement.
The Italian American carmaker said its net loss from continuing operations amounted to 1.69 billion euros ($1.83 billion) in the first quarter of this year.
That compares with a 508 million euro net profit a year earlier.
FCA added that due to the continued uncertainty related to the COVID-19 pandemic, it withdrew its full-year guidance for 2020 and would update it when it would have better visibility of the overall impact of the crisis.
Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.
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