You are here

Fiat Chrysler posts surprise quarterly loss on recall costs

Friday, October 30, 2015 - 05:50
BT_20151030_VIFIAT30_1951858.jpg
Mr Marchionne has pushed for more car-industry consolidation to share technology investments and boost returns.

Milan

FIAT Chrysler Automobiles NV (FCA) reported an unexpected third-quarter net loss after one-time charges stemming from handling a US recall wiped out earnings gains from the company's Italian-made Jeep sport utility vehicle.

The loss totalled 306 million euros (S$470.9 million