The successful and safe restart of production in the closing weeks of May, together with cost control actions, yielded positive results for North America, with an Adjusted EBIT of €39 million. U.S. consumer demand exceeded expectations and FCA improved U.S. retail market share in the quarter. In addition, Dodge became the first domestic brand ever to achieve a number 1 ranking in the annual J.D. Power Initial Quality Study. In LATAM, FCA led the industry in vehicle sales for the first time, finishing the quarter with a market-leading share of 15.9 percent. Driving the performance was the Brazil market where the Group reached an industry-leading market share of 19.8 percent, amid strong consumer demand for the Group's pickup trucks and SUVs. The all-new Fiat Strada had its commercial launch at the end of June and is showing strong demand. The EMEA region’s manufacturing facilities steadily came back online during the quarter. As the consumer market continues to recover, much of the Group's focus has shifted to the highly anticipated electrified vehicle introductions of the Made in Europe Jeep Renegade and Compass “4xe” PHEVs with production started in the quarter, as well as the all-new full electric Fiat 500 to start, in the third quarter. During the quarter, Maserati teased the introduction of the new Ghibli Hybrid with select images in anticipation of the vehicle’s worldwide debut in July. To further demonstrate its commitment to invest and elevate the iconic brand, Maserati confirmed that “Maserati Day” will be held Sept. 9-10 in Modena (Italy), where the brand will debut the new Maserati MC20 super sports car and other future products. To further strengthen our financial position and enhance flexibility, we secured additional liquidity with the signing of a three-year, €6.3 billion credit facility with Intesa Sanpaolo, Italy’s largest banking group. The proceeds of this facility will be dedicated exclusively to FCA’s activities in Italy and to support the more than 10,000 small and medium enterprises that make up the Italian automotive sector. On May 13, both PSA and FCA announced the decision to not distribute an ordinary dividend in 2020 related to financial year 2019, in light of the impact from the COVID-19 crisis. In July, the Group confirmed pricing of €3.5 billion of notes issued under its Medium Term Note Programme. The COVID-19 crisis has further underlined the compelling logic of the Groupe PSA and FCA merger. Work by both teams towards the completion of the merger has continued apace and we expect to meet the objective of combining as a single company by the end of the first quarter of 2021. Antitrust approvals have already been granted by twelve of twenty-two jurisdictions. The review initiated by the European Commission is not expected to delay the merger timetable. FCA and PSA also took another major step earlier this month with the announcement that the new entity formed by the combined companies will be known as Stellantis.