Italian-American Automaker FCA Posts Net Losses Of One Billion Euros In Q2
ROME, Aug 1 (NNN-AGENCIES) – Italian-American automaker, Fiat Chrysler Automobiles (FCA), posted net losses of one billion euros (1.18 billion U.S. dollars), in the second quarter (Q2) this year, the company said, yesterday.
FCA said, it shipped 424,000 vehicles worldwide in Q2, down by 63 percent, compared to the same period last year, due to COVID-19 pandemic-related production stoppages and demand disruptions.
The automaker added, it secured a three-year, 6.3-billion-euro credit facility with Intesa Sanpaolo, one of Italy’s major banking groups.