Chrysler profits rev up Italian auto giant Fiat, full ownership approaches

Fiat said its fourth quarter net profit rose to 388 million euros (US$525 million) from 265 million euros the year before and added that it was aiming for profits of between 1.2 and 1.5 billion euros this year.

Net profit for the full year was 1.411 billion euros — higher than the 1.3 billion euros expected by analysts but 14.5-percent lower than in 2011.

Chrysler's results underpinned the group's earnings and Fiat forecast a continued decline in the European car market, with the Italian market plunging by 20 percent to its level in 1979.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Ericsson reports profit halved, sees telecom operator investment boost

NEXT ARTICLE
German chip-maker Infineon stands by full-year targets, cites weak demand

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit