Arab Today, arab today fiat announces profits boost
Last Updated : GMT 20:29:46
Arab Today, arab today
Arab Today, arab today

Positive projections

Fiat announces profits boost

Arab Today, arab today

Arab Today, arab today Fiat announces profits boost

Fiat includes Chrysler, Ferrari and Maserati brands
Milan - Arabstoday

Fiat includes Chrysler, Ferrari and Maserati brands Milan - Arabstoday Italian auto giant Fiat on Wednesday reported its net profit in the fourth quarter rose to 388 million euros ($525 million) from 265 million euros the year before and said it was aiming for profits 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. Market conditions in the Americas and Asia "continue to support the financial projections made for 2013 and while the European market continues to present significant levels of uncertainty, the Group confirms its guidance for 2013," it said. The company, which includes the Chrysler, Ferrari and Maserati brands, said it was also aiming for turnover of 88 to 92 billion euros this year. Fiat chairman John Elkann earlier on Wednesday said the company had been forced to make "difficult choices" to continue producing in Italy despite the collapse of the market and CEO Sergio Marchionne said he would not be shutting any Italian plants. "Despite market troubles, we have made difficult choices to continue producing in Italy," Elkann said at the opening of a new plant for luxury brand Maserati just outside Fiat's hometown of Turin. Marchionne, who also heads Chrysler, said: "I can confirm that we will not shut any plants in Italy." The company had warned last year that it could be forced to shut one of its five factories in Italy. But Marchionne cautioned about the outlook for sales in Europe, saying: "The European car market may not have hit bottom." The company's third-quarter profits were double what they were in the same period in 2011 but that was almost entirely due to results from Chrysler and luxury sales in booming markets like China. Source: AFP

arabstoday
arabstoday

GMT 10:49 2017 Thursday ,27 April

Uber partners with Dubai to test flying cars

GMT 08:22 2017 Wednesday ,26 April

Hyundai Motor posts 21% drop

GMT 11:31 2017 Tuesday ,25 April

Volvo profits lifted by strong lorry demand

GMT 14:08 2017 Monday ,24 April

Hands-free driving on highways

GMT 21:33 2017 Saturday ,22 April

Volkswagen gathers owners and fans

GMT 08:34 2017 Friday ,21 April

Flying cars take off on French Riviera

GMT 14:15 2017 Tuesday ,18 April

Among top 10 Bentley markets

GMT 13:18 2017 Friday ,14 April

Ford: Hybrid police car catches bad guys
View News in Arabic - Auto: أخبار السيارات
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fiat announces profits boost Arab Today, arab today fiat announces profits boost

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fiat announces profits boost Arab Today, arab today fiat announces profits boost

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 10:49 2017 Thursday ,27 April

Uber partners with Dubai to test flying cars

GMT 08:22 2017 Wednesday ,26 April

Hyundai Motor posts 21% drop

GMT 11:31 2017 Tuesday ,25 April

Volvo profits lifted by strong lorry demand

GMT 14:08 2017 Monday ,24 April

Hands-free driving on highways

GMT 21:33 2017 Saturday ,22 April

Volkswagen gathers owners and fans

GMT 08:34 2017 Friday ,21 April

Flying cars take off on French Riviera

GMT 14:15 2017 Tuesday ,18 April

Among top 10 Bentley markets

GMT 13:18 2017 Friday ,14 April

Ford: Hybrid police car catches bad guys
View News in Arabic - Auto: أخبار السيارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday