Fiat Chrysler swings to lossChristian Fernsby ▼ | May 8, 2020
Fiat Chrysler Automobiles reported a first-quarter net loss of 1.7 billion euros ($1.84 billion) due to a steep decline in car sales triggered by the coronavirus pandemic, and said the impact on the second-quarter would be even more severe.
Fiat Chrysler Car sales
Topics: Fiat Chrysler
But it said that an internal stress-test indicates it could survive a 50% reduction in volumes by slashing costs and cash burn. ■