Car manufacturer Fiat and Chrysler will share in the coronamalaise, a loss of 1 billion euros

FCA Group, with the brands such as Fiat, Chrysler, Jeep, and Maserati, all dropped in the second quarter of this year, very much in the red with a loss of 1.05 billion euros, the carmaker Friday revealed.

The company has been sold from the beginning of april to the end of June, 424.000, cars. That was 63 per cent lower than in the same period of the previous year. The revenues amounted to 11.7 billion euro, of which approximately one-half life.

By the end of the COVID-19 was the Italian-American company, the production halt, causing substantial loss has resulted. At the end of may, could it be the factories start back up.

the heavy-duty coronatijden to have a FCA Group in the second quarter, according to an Italian bank to a loan of up to 6.3 billion euros.

Also, the company plans to merge with French car manufacturer PSA, which includes the brands of Peugeot, Citroen and Opel / vauxhall are in. If all goes according to plan, the merger, at the end of the first quarter of 2021, a fact of life.

The European Commission has already announced to launch an investigation into the proposed merger, and because the company has a big position in it would be able to get into the market for light vans. FCA, however, has no problems, and the name of the new company has been announced: Stellantis.