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Automobile company Fiat Chrysler in the second quarter recorded a decrease in its net profit by 34.7% in annual terms to 754 million euros. Adjusted EBIT amounted to 1 billion 660 million euros, showing a decrease of 11%. Quarterly revenue increased by 4% to 28 billion 993 million euros. Sales of the company in the past quarter grew by 6% and amounted to 1 million 300 thousand cars. Fiat Chrysler revenue growth is observed in North America, Europe, the Middle East, Africa and Latin America. However, in the Asia-Pacific region, the company reduced revenues to 652 million euros and received a loss of 98 million euros against a profit of 44 million euros a year earlier. In the first half of the year, profit fell by 1.2%, revenue grew by 1%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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