Monday, October 30, 2006

Fiat India records profits

Fiat IndiaPositive results by Fiat’s core automotive division is reported to perform well as it posted again profit for the fourth straight quarter this week.

The company continued gaining from improved sales of Grande Punto hatchback and other popular Fiat models.

Fiat is aiming for a 2006 group trading profit of 1.85 billion euros, targeting a net profit of 800 million euros.

Fiat Auto is the group’s biggest division by sales, making a trading profit of 51 million euros against a loss of 85 million euros for the same period last year.

Despite recent negative trends in the automotive industry Fiat is proving that successes still exist for the companies that work hard to get operations and sales right.


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