FCA sales down..
“Europe, where the business is in the process of restructuring, fell to a loss of €19m due to a 12 per cent drop in vehicle sales, while its struggling Chinese business saw sales fall by 30 per cent, pushing its Asian region into a loss of €9m.
The group is “moving towards” a restructure of its Chinese arm as well, to counter falling sales as the world’s largest car market witnesses its first slowdown in decades.
Maserati, its luxury brand, saw another slide in sales, with shipments falling by 3,900 to 5,500, with profits down from €86m to €11m.”
According to FT.