MILAN (Reuters) -- Fiat has revised its first quarter net loss to 173 million euros ($236 million) from a previously announced loss of 319 million euros based on accounting changes related to its buyout of Chrysler.
MILAN (Reuters) -- Fiat has revised its first quarter net loss to 173 million euros ($236 million) from a previously announced loss of 319 million euros based on accounting changes related to its buyout of Chrysler.
The once-dominant Japanese carmaker is restructuring to address a slump in global sales and profitability in the face of rising competition from China’s fast-growing electric vehicle sector.