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Stock impact report

Fiat Chrysler to start producing 1 million face masks a month [TechCrunch Blog]

FIAT CHRYSLER AUTO NV (FCAU) 
Last fiat chrysler auto nv earnings: 2/6 06:58 am Check Earnings Report
Company Research Source: TechCrunch Blog
Fiat Chrysler Automobiles said Monday it will start manufacturing face masks in the coming weeks and donate the critical medical equipment to first responders and health care workers — the latest automaker to direct its manufacturing expertise towards the COVID-19 pandemic. The automaker confirmed to TechCrunch that production capacity is being installed this week at one of its factories in China. Manufacturing will start in the coming weeks and distribution will be focused on the U.S., Canada “Protecting our first responders and health care workers has never been more important,” FCA CEO Mike Manley said in a statement. “In addition to the support we are giving to increase the production of ventilators, we canvassed our contacts across the healthcare industry and it was very clear that there is an urgent and critical need for face masks. We’ve marshalled the resources of the FCA Group to focus immediately on installing production capacity for making masks and supporting those most in Show less Read more
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