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automotopark.com - a project, based on the 10- year-old practical experience techniques searching, formed according to differentiation Criteria of Tariff and Tax legislation of Western Europe, America and former USSR - States, adapted for English German-, and Russian- speaking seller and buyer.
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NEWS OF THE TECHNICS WORLD.
Fiat Q1 results show encouraging growth
28 Apr 2008
Fiat Group revenues rose nearly 10% to Ђ15 billion, with all businesses contributing to the increase, despite the uneven trading conditions in some key regions. Continued success of new and existing models enabled Fiat Group Automobiles (FGA) to achieve growth, with a total of 563,600 units delivered during the quarter (+4.1% over Q1 2007).
Although overall demand in Western Europe was down, FGA reported notable year-over-year increases in Germany (+15%) and France (+27%), in addition to experiencing a record quarter in Brazil (+35%).
For Q1 2008, Fiat’s automobile businesses had revenues of Ђ7.4 billion, an increase of 8.8% over the first quarter of 2007.
In particular, Fiat Group Automobiles closed the quarter with revenues of Ђ6.8 billion, up 8.4% over the same period in 2007 due to higher sales volumes.
Fiat Group Automobiles delivered a total of 563,600 units in Q1 2008, up 4.1% year-on-year.
Deliveries were down in Italy (-11.7%), while outperformance against the market was achieved in the rest of Western Europe, with significant increases in both France (+27.3%) and Germany (+15.3%).
Deliveries decreased in Spain (-31%) – where demand was extremely weak - as well as in Britain (-3.6%).
Details by brand show that the Fiat brand, in particular, continued to post positive performances: Fiat Panda and Fiat 500 (which at the end of Q1 had reached 182,000 orders since its launch) were the best selling cars in Europe in the A-segment and the Punto was one of the models in its class with the highest demand.
