Companies / Italy
If you would like to subscribe to Western Europe Automotives Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Western Europe Automotives Insight please click on the trial link below.
Fiat Primed For Further Growth
September 2006 | Industry NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Western Europe Automotives Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Western Europe Automotives Insight please click on the trial link below.
The Fiat group, largely driven by its auto division, beat analyst expectations to report a second-quarter net profit of EUR330mn in 2006 against a profit of EUR217mn in the same period a year before. Net income totalled EUR280mn, one million more than in 2005, while the automotive business, Fiat Auto, posted a trading profit of EUR88mn, shrugging off years of losses. This most recent financial success is largely attributed to the success of the Punto Grande in Europe and stronger sales reported by Fiat's Brazilian subsidiary, Fiat Automóveis. Fiat has raised its forecasts for 2006 given the strength of these