Fiat group switches into profit - Team-BHP

vivek_pinkoo · 28th July 2005, 17:45

MILAN: The Italian industrial group Fiat said on Thursday, it had switched sharply in to profit in the first quarter owing largely to a big reduction of loses at its main auto division.
The overall group, which has a wide range of industrial interests, reported a net profit of 180 mn euros ($ 218.0 mn ) from a loss of 290 mn euros in the first quarter of last year.
The main part of the business is the auto division which reduced a loss of 238 mn euros to a loss of 88 mn euros. The auto division was also boosted by a payment of 419 mn euros from General Motors of the United States. This was the last installment of damages paid by GM for the ending of an industrial alliance between the two groups

Moderator Note: Kindly quote the source before posting any such news. It tantamounts to copyright violation for the author concerned.

v_s_natarajan · 28th July 2005, 17:49

FIAt is a totally un professional company run by mafia. They accidentally make some good cars.

Steeroid · 28th July 2005, 17:54

Natty I must say you literally dragged those words outta my mouth...

Conan · 28th July 2005, 18:11

Quote:

Originally Posted by v_s_natarajan

FIAt is a totally un professional company run by mafia. They accidentally make some good cars.

@v_s_n, u r saying this statement at the wrong thread...

Try FIAT Adventure Ad thread.
People there are just waiting to bash up any anti fiat comments.

RX135 · 28th July 2005, 18:15

@conan, but v_s_n is yet another Fiat car lover.

BuRnT RuBbEr · 28th July 2005, 20:45

Quote:

Originally Posted by Conan

@v_s_n, u r saying this statement at the wrong thread...

Try FIAT Adventure Ad thread.
People there are just waiting to bash up any anti fiat comments.

prefer to be inert when fiat is discussed in t-bhp...

cream · 28th July 2005, 23:30

well, well - lets hope they stay in profit and go from strength to strength from here...

god bless all of us fiat owners and brave men

28th July 2005, 17:45	#1 (permalink)
vivek_pinkoo BHPian Join Date: Jun 2005 Location: Gurgaon Posts: 184	Fiat group switches into profit MILAN: The Italian industrial group Fiat said on Thursday, it had switched sharply in to profit in the first quarter owing largely to a big reduction of loses at its main auto division. The overall group, which has a wide range of industrial interests, reported a net profit of 180 mn euros ($ 218.0 mn ) from a loss of 290 mn euros in the first quarter of last year. The main part of the business is the auto division which reduced a loss of 238 mn euros to a loss of 88 mn euros. The auto division was also boosted by a payment of 419 mn euros from General Motors of the United States. This was the last installment of damages paid by GM for the ending of an industrial alliance between the two groups Moderator Note: Kindly quote the source before posting any such news. It tantamounts to copyright violation for the author concerned. Last edited by Revvmaster : 28th July 2005 at 18:32.

28th July 2005, 17:54	#3 (permalink)
Steeroid Distinguished - BHPian Join Date: Mar 2005 Location: DXB Posts: 5,420 View My Garage	Natty I must say you literally dragged those words outta my mouth... __________________ Cheers Steer In the land of the blind, the one-eyed man is stoned to death.

28th July 2005, 18:15	#5 (permalink)
RX135 Senior - BHPian Join Date: Dec 2004 Location: pune Posts: 1,557	@conan, but v_s_n is yet another Fiat car lover. __________________ Drive fast, but drive safe.

28th July 2005, 23:30	#7 (permalink)
cream BHPian Join Date: Feb 2005 Location: mumbai Posts: 154	well, well - lets hope they stay in profit and go from strength to strength from here... god bless all of us fiat owners and brave men __________________ to see the world in a grain of sand and heaven in a wild flower...hold infinity in the palm of your hand and eternity for an hour.

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28th July 2005, 17:49	#2 (permalink)
v_s_natarajan BHPian Join Date: Feb 2005 Location: chennai Posts: 258	FIAt is a totally un professional company run by mafia. They accidentally make some good cars.