(BBC) Fiat profits signal auto recovery

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(BBC) Fiat profits signal auto recovery

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http://news.bbc.co.uk/2/hi/business/4970066.stm

"Fiat, Italy's iconic manufacturer, has reported better-than-expected earnings, thanks in large part to improved conditions at its car-making division"

"Wednesday's earnings report was welcome news for chief executive Sergio Marchionne, who has been pushing hard to improve efficiency at Fiat's Italian plants.

Had the Grande Punto flopped, he could well have been out of a job.

Instead, Fiat is on target to sell 360,000 of the cars in 2006 - the goal Fiat's boss set at the launch of the Punto - and Mr Marchionne has raised Fiat Auto's estimated trading profit in 2006 to 200m euros from 100m euros. "


As well as the Punto and the Sedici SUV - which received 16,000 orders in the weeks after its launch - there has been the Panda Cross and the Sportswagon version of the Alfa Romeo 159.
 
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