Fiat Chrysler Automobiles on Tuesday posted a first-quarter loss of $1.84 billion from continuing operations as the coronavirus pandemic tanked sales and shuttered its plants.
Net revenue declined 16 percent to $22.3 billion. The automaker reported adjusted earnings of $56.3 million before interest and taxes, down 95 percent from the first quarter of 2019.
North American earnings plunged 48 percent to $594 million as the virus stopped U.S. production in the last two weeks of the quarter. Net revenue in North America was down 9 percent to $15.7 billion, and shipments in the region were down 16 percent.
