Fiat Chrysler Automobiles N: optimistic for the US market after a rebound in sales in Q3 – Zonebourse.com

PARIS (Agefi-Dow Jones) – Fiat Chrysler Automobiles (FCA) on Thursday announced a rebound in sales in the third quarter in the United States, pulled by pick-ups.

FCA said it sold 507,351 vehicles between July and September in the United States, an increase of 38% from the previous quarter. Volumes were, however, down 10% compared to the third quarter of 2019.

They were particularly penalized by the weakness of sales to automobile fleets, indicated the manufacturer.

"We are optimistic in the US market and anticipate strong sales through the end of 2020," commented Jeff Kommor, the group's sales director in the United States.

FCA intends to merge with the French PSA and thus create the fourth largest automotive group in the world. The two manufacturers still plan to finalize their union in the first quarter of 2021. On Thursday, the European Commission said it would make its decision on the merger by February 2, 2021.

-Franois Schott, Agefi-Dow Jones; 01 41 27 47 92; fschott@agefi.fr ed: ECH

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