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| Fiat Auto records fourth successive quarterly profit |
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While Fiat SpA reported a 76% fall in third-quarter profits yesterday, the core Fiat Auto part of the group recorded a profit of €51m on sales up 28% at €5.5bn, against a loss of €85m a year earlier, mostly due to the success of its Grande Punto supermini.
Fiat SpA earned €195 million in the third quarter, down from €818 million a year earlier, but still above analysts’ consensus forecasts. Group revenues increased 11.4% to €11.8 billion.
The fourth quarter of last year saw Fiat Auto break a chain of 17 successive quarterly losses.
Fiat also launched a new Fiat logo yesterday, with lettering on a red background reminiscent of the logo its cars sported up to 1968, since when two successive new logos were in use. At the end of next January Fiat will launch the next Bravo, the successor to its Stilo lower medium car.
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Source : http://www.autoindustry.co.uk
(10/27/2006)
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Stories of Saturday, October 28, 2006 |
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| It's Time To Get Retrofit: Mercedes Accessories Introduces StreetPilot II Navigation |
| NHRA Lucas Oil Drag Racing Series, Friday from Atco Raceway |
| How reliable is your car? - Introduction |
| Arrive Relaxed: Mercedes Benz Offers StreetPilot II For Moble Navigation Retrofitting |
| Raceway Media Strikes Deals with Six U.S. Tracks |
| Pricing: 2007 Saturn Outlook Starts at $27,990 |
| Barrett-Jackson Tunes up for Scottsdale Auction with Sizzling Automotive Preview at SEMA |
| Subaru Denver VeloSwap Opens With Sneak Preview |
| Reader test team meets the Mini |
| VW Golf GTI bites back |
| Newest Entrant to Georgia's Auto Insurance Market Delivers Savings as Sweet as the State's Peaches |
| International Wire Group, Inc. Buys New Plant Site |
| Erie Insurance To Defend Against HUD Charges |
| Universal Trailer, the Nation’s Largest Specialty Trailer Company, Completes Merger with Featherlite, Inc. |
| Twenty Classic Cadillacs Enter London To Brighton Run |
| Michelin in F1 - A perfect partnership |
| Budweiser Shootout Field Set During Draw Party |
| Lucky 10: The $650K Ascari A10 Hits the Street |
| Surprise: Fiat Issues Pics, Details of New Bravo |
| Toy Beat: Midget M6 for Budget-Minded Bimmer Lovers |
| Skoda Thinks 'Praktik'-al With New Van |
| Ford Fusion Stands Out In Customization Crowd |
| Chrysler Group to Announce Marketing Campaign for the All-New 2007 Chrysler |
| Volvo Truck Center Nordic Starts Distribution of Nissan Trucks |
| Travis Pastrana Wins Rally America National Championship |
| SPEED Touring Car Driver DeCastro, Family Perish In Plane Crash |
| New warm Renault Clio |
| Geneva Preview: Bentley Preps High-End Coupe for World Debut |
| PSA Twins: C-Crosser/4007 SUVs Debut |
| Interpec Engineering Conference |
| Petersen Automotive Museum holds star-studded night for Parnelli Jones |
| T&E urges faster implementation of Euro-5 and 6 emissions standards |
| WTO to establish expert panel on China's dispute with EU/US/Canada on automotive parts |
| Chinese government outlines greener transport fuels policy |
| Aston Martin suitors named |
| BEN charity reports fund surplus for 2005/2006 |
| Infiniti Announces Pricing on All-New 2007 G35 Sports Sedan |
| Choi takes Chrysler lead with Els in pursuit |
| Pricing: Infiniti Says 2007 G35 Stickers for $31,450 |
| SEMA Preview: Ford Makes Tracks With F-150, Mustang |
| BSI PAS 125 Kitemark standard for vehicle body repair released |
| DENSO and Bosch to set up JV to develop and manufacture diesel particulate filters |
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