FCA Revenue Takes A Hit Due To COVID-19

Reuters is reporting that Fiat Chrysler Automobiles (FCA) announced a first-quarter loss of some $1.8 billion as the coronavirus pandemic hit the company’s sales and production.

“The pandemic has had, and continues to have, a significant impact on our operations,” the company said in a statement.

The company has begun reopening plants in China and Europe, and said most of its North American ones were expected to reopen on May 18.