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April 1, 2020, 9:29 a.m. EDT

Fiat Chrysler's U.S. auto sales fall 10% in first quarter

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By Tomi Kilgore

Fiat Chrysler Automobiles N.V.'s /zigman2/quotes/204248628/composite FCAU +0.87% 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 /zigman2/quotes/210599714/realtime SPX +0.24% has lost 20.0%.

/zigman2/quotes/204248628/composite
US : U.S.: NYSE
$ 8.12
+0.07 +0.87%
Volume: 3.03M
May 22, 2020 4:00p
P/E Ratio
20.64
Dividend Yield
N/A
Market Cap
$12.73 billion
Rev. per Employee
N/A
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/zigman2/quotes/210599714/realtime
US : S&P US
2,955.45
+6.94 +0.24%
Volume: 2.19B
May 22, 2020 5:09p
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