Italy’s Fiat profits increase

Comment on this story
Fiat Reuters. Visitors look at the new Fiat 500 at the LA Auto Show in Los Angeles.

Milan - Italian auto giant Fiat on Wednesday reported its net profit in the fourth quarter of last year rose to 388 million euros from 265 million euros the year before and said it was aiming for a net profit of up to 1.5 billion euros this year.

The results were upbeat despite continued decline in the European car market and were helped by a rise in sales in North America but Fiat said it would not be paying any dividends to shareholders. - Sapa-AFP


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.