Fiat Chrysler loses €299 million in third quarter

Fiat Chrysler loses €299 million in third quarter
Fiat Chrysler reported a third quarter loss but announced that sales had risen in the same period. Photo: Giuseppe Cacace/AFP
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.


Member comments

Become a Member to leave a comment.Or login here.