Italy: Fiat Group Automobiles sees Q1 profits slip

Fiat SpA has reported Q1 2011 revenue of €9,210m (US$13.36bn), an increase of 7.1% from the Q1 2010 total of €8,603m and group trading profit ahead 9.1% at €251m (Q1 2010: €230m). The margin was 2.7% in both quarters. However, despite this increase in Q1 group profit, which was driven by Subscribe to Automotive World … Continued

• By Webmaster
• April 20, 2011