Fiat Chrysler's U.S. auto sales fall 10% in first quarter
Fiat Chrysler Automobiles N.V.'s (FCA.MI) U.S. subsidiary, FCA U.S. LLC, said first-quarter sales fell 10% from a year ago, as "strong" momentum in January and February was offset by the negative economic impact of the coronavirus pandemic in March. U.S. sales fell to 446,768 vehicles from 498,425 a year ago. A bright spot for the auto maker was its Ram brand, which saw sales rise 3%, while Jeep brand sales fell 14%, Chrysler sales declined 5%, Dodge sales dropped 20%, Fiat sales slid 49% and Alfa Romeo sales shed 14%. Fiat Chrysler's stock, which fell 3.8% in premarket trading, has tumbled 51.1% over the past three months through Tuesday, while the S&P 500 has lost 20.0%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 01, 2020 09:28 ET (13:28 GMT)
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