FCA: the quarterly is not enough shares lost more than 3%

Despite the positive close in the first quarter thanks to the strong performance in the NAFTA area, 90% of the total, the huge debt Fiat Chrysler Automobiles NV is entitled to lose more than 3% before the close of the day.

In addition to the 5.5 billion dollars that weigh on the company, the title also suffer because of fears of analysts who fear that the US auto market is now saturated.
"The group confirms for 2018 the objective to a positive net financial position," said the CEO of Fiat Chrysler Sergio Marchionne, and although "the car NAFTA has become harder and more competitive, the company does not provide for a fall" .

The italian group based-Turin is preparing to expand in China and Marchionne declared "confident about the entry of Alfa Romeo in the Chinese market".

The first quarter result is in line with the expectations of the brokers which provided revenues to 27.6 billion while adjusted net income (528 million) was higher than expected (374 million). The industrial debt was correctly estimated at 6.4 billion.