Milan: Italian-US automaker Fiat Chrysler, in talks to merge with French rival PSA, on Thursday posted a 179 million euro (USD 200 million) loss in its third quarter, due to write-offs in Europe related to restructuring.
In Europe, where net revenues fell 6 per cent in the three months to September 30, Fiat Chrysler (FCA) has been cutting under-performing brands and restructuring.
In North America, however, a key market whose brands include Jeep, Dodge and Ram, adjusted margins improved to 10.6 per cent, helped by better pricing, industrial efficiencies and better managed stock at dealerships.
