Martedì, 25 Settembre 2018
ROME

Fiat sells 1 million cars in third quarter, up 11% on year

English
© ANSA

Rome, October 30 - Fiat on Tuesday announced
third-quarter sales of over one million vehicles, up 11% on the
year, prompting the Italian automaker to stick to 2012 revenue
targets despite a weakened European market.
Sales were boosted, according to the Turin-based car maker,
by positive trends in North America, Latin America and Asia
Pacific.
The trading profit in the third quarter amounted to 951
million euros - 100 million higher than the same period last
year, despite a combined 238-million-euro loss in Europe, Africa
and the Middle East.
Fiat closed the third quarter with a net profit of 286
million euros, more than double compared to the same period of
2011.
Fiat followed up the positive trends by confirming its
targets set for 2012, which are to hit revenues of approximately
83 billion euros and a trading profit of more than 3.8 billion,
while cutting net industrial debt lower than the third quarter,
to about 6.5 billion euros.
While the auto market shows signs of improving globally,
car sales have been flagging in Europe over the past year.
In September Fiat registered an 18.5% drop in European
sales, largely due to the poor performance of the Italian
market.

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