Group FCA – Effect coronavirus: first quarter loss of nearly 500 million euros

The pandemic of the coronavirus produces heavy consequences on the results of the first quarter of the group FCA. The manufacturer is Italian-american, along the lines of what is suffered by other big players in the sector, has seen its deliveries and revenues drop to a rate in the double digits, while the income statement has been closed in big loss and with a substantial cash absorption due to the effect of the closure of the plant and the concomitant collapse of demand between the United States and Europe.

In the update

Source: Quattroruote.en – Edited by Anthon K.