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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.
FIAt is a totally un professional company run by mafia. They accidentally make some good cars.
Natty I must say you literally dragged those words outta my mouth...
Quote:
Originally Posted by v_s_natarajan FIAt is a totally un professional company run by mafia. They accidentally make some good cars.
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@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.
@conan, but v_s_n is yet another Fiat car lover. :D
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.
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lol: prefer to be inert when fiat is discussed in t-bhp...
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
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