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7/31, 1:07 PM (Source: TeleTrader)
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Fiat Chrysler reports revenue of €11.71B in Q2

Fiat Chrysler Automobiles (FCA) posted its revenue fell by 56% to €11.71 billion in the second quarter of 2020, the company said on Friday, adding its net loss in the same period stood at €1.05 billion.

Diluted loss per share fell 232% to €0.66 and the cash flow from operating activities dropped by 207% to €3.2 billion.

CEO Mike Manley said: "Our second quarter showed that decisive actions and extraordinary contributions from our workforce enabled FCA to contain the impact of the COVID-19 crisis. While the company remains vigilant about the health and safety of employees, our plants are up and running, dealers are selling in showrooms and online, and we have the flexibility and financial strength to push ahead with our plans."

Breaking the News / TF