Pursuits
Fiat Loss in Europe Widens as Region’s Crisis Hits Demand
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Fiat SpA, the Italian carmaker that controls Chrysler Group LLC, posted a wider first-quarter loss in Europe as the automaker’s sales in the region plunged.
The loss before interest, taxes and one-time items in Europe nearly doubled to 207 million euros ($274 million), the Turin, Italy-based company said in a statement today. The shares fell as much as 5.7 percent.