Fiat Chrysler Swings to Loss, Adding Pressure Ahead of Peugeot Deal

MILAN—Fiat Chrysler Automobiles NV reported a second-quarter loss, putting pressure on the Italian-American car maker to improve its performance or risk a renegotiation of the terms of its merger with Peugeot maker PSA Group.

Like with most car makers, Fiat Chrysler’s profit and revenue plunged in the quarter as lockdowns in its main markets halted production and kept consumers at home.

But the company posted a small profit in North America, in part due to cost cuts in areas such as advertising and as it furloughed workers.