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FCA lost US$1.24 billion in Q2

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https://www.freep.com/story/money/c...sler-second-quarter-2020-earnings/5546913002/

FCA said it lost $1.24 billion (1.05 billion euros) in the second quarter, a drop of 232% compared with the same period a year ago. That follows FCA's woeful first quarter performance, when the automaker said it lost $1.9 billion (1.7 billion euros).

That's bad, of course, but it's bad for most in the auto industry these days, with the coronavirus pandemic continuing to rock the global economy. That has forced companies to focus on finding the bright spots.
Not surprising, "TOKYO (Reuters) - Toyota Motor Corp <7203.T> posted a 98% plunge in its first-quarter operating profit on Thursday as the coronavirus pandemic halved it global sales."

https://www.reuters.com/article/us-toyota-results-idUSKCN2520DV?utm_source=34553&utm_medium=partner


FCA said it had $20.1 billion (17.5 billion euros) in available liquidity as of June 30, not counting a newly available credit line in Italy. The company has withdrawn its guidance for the year because of the pandemic, which FCA said caused a 63% drop in global vehicle shipments, down to 424,000.
Other articles
https://www.autonews.com/manufacturing/fca-loses-124-billion-q2-north-america-ekes-out-profit


https://www.autoblog.com/2020/07/31...0x32_d_IZPcCfpkL15VwpAG8V0GEo-MuRX51yYfOSA26m
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