PSA, Fiat Chrysler in black despite fall in sales

The logos of automobile companies Abarth, Lancia, Fiat, Alfa Romeo and Jeep and a newly-added board with the name of Stellantis.PARIS - US-Italian automaker Fiat Chrysler and France's PSA, now merged in the Stellantis group, both managed to chalk up a 2020 profit despite falling sales due to the coronavirus pandemic, company results showed on Wednesday.

Fiat Chrysler eked out a net profit of just 24 million euros last year, according to a Stellantis statement, holding up against multiple virus lockdowns which devastated the economy.In 2019, Fiat Chrysler posted a net profit of 2.7 billion euros.

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PSA to protest over wage hikesThe Public Servants Association says it will go to the streets over government's refusal to give workers a 7 percent pay hike. Public servants received their FULL SALARIES since March 2020 whilst private companies had to either retrench, close down or applied for TERS from the useless DOL. Now these same privileged public servants want to protest because they want more money? Tsek.
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