Fiat Chrysler loses €299 million in third quarter
AFP - [email protected] •
28 Oct, 2015
Updated Wed 28 Oct 2015 15:09 CEST
Fiat Chrysler said on Wednesday it suffered a
third quarter net loss of €299 million euros ($331 million), largely down to one-off items and recall issues, but operating results improved significantly.
The Italian-US automaker had earned €188 million in July through September 2014.
However, adjusted operating profits jumped 35 percent to €1.3 billion, with a strong performance in North America and Latin American operations returning to profitability despite the difficult economic environment.
Net sales climbed 17 percent from the same quarter last year to €27.5 billion.
Shares in the world's seventh-largest carmaker rose 4.35 percent to €13.19 in Milan after the results were announced.
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The Italian-US automaker had earned €188 million in July through September 2014.
However, adjusted operating profits jumped 35 percent to €1.3 billion, with a strong performance in North America and Latin American operations returning to profitability despite the difficult economic environment.
Net sales climbed 17 percent from the same quarter last year to €27.5 billion.
Shares in the world's seventh-largest carmaker rose 4.35 percent to €13.19 in Milan after the results were announced.
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