Fiat Chrysler posts lower-than-expected loss in second quarter (FCAU)

FCA

• Fiat Chrysler Automobiles joined General Motors and Ford is managing lower-than-expected losses amid the coronavirus pandemic and a shutdown of manufacturing.
• FCA's merger partner, France's PSA Group, also posted a better-the-expected result.
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Italian American automaker Fiat Chrysler posted a smaller-than-expected operating loss in the second quarter, as it managed to contain negative effects of the COVID-19 pandemic.

Fiat Chrysler (FCA) said its adjusted earnings before interest and tax (EBIT) were negative for 928 million euros ($1.10 billion) in the April-June period, versus forecast for a 1.87 billion euro loss in an analyst poll compiled by Reuters.

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