Italy: Magneti Marelli sees earnings recovery in Q2

Magneti Marelli has reported Q2 2010 revenue of €1,400m (US$1.793bn), up 21.5% over the €1,152m reported in Q2 2009. The supplier noted that all business lines continued the year-on-year improvement already seen in the early months of 2010. In Europe, revenues were reported to have recovered sharply in Germany and the Subscribe to Automotive World … Continued

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• July 21, 2010