Fiat Chrysler Q1 Adj. EBIT Down YoY In Line With Its Expectations

Fiat Chrysler Automobiles N.V. (FCAU) reported that its first-quarter adjusted EBIT decreased 29%, primarily from lower volumes partially offset by positive net pricing in North America. The volume decline was principally from North America product launch cadence and EMEA sales channel mix optimization, the company said.

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