Marchionne flags ‘significant industry shifts’ behind Q3 loss

Fiat Chrysler Automobiles (FCA) wrapped up the third quarter (Q3) with a net loss of €299m (US$328m), down from a net profit of €188m in the same quarter last year, with progress in North America, Europe and Latin America offset by one-off after-tax charges of €602m linked to recalls. However, it was a quarter of exceptional developments, ranging from the explosion in the Chinese Port of Tianjin in August to Dieselgate in September.