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Author Topic: Fiat Auto, not a laughing stock anymore!  (Read 667 times)
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toby2449
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« on: 23 July, 2008, 09:24:25 PM »


About 4 short years ago, the entire Fiat Group was in dire trouble, being dragged into the red by a stumbling Auto group, Fiat & its brands (ex Ferrari & Maserati) were about to go to the wall, its stock was junk status, & it couldn't give its cars away. Then along came Sergio Merchonnie, & he & his team kicked ass like never before, he took hard decisions to close factories early & cut production, & faced down the unions.

Now, 2008, with all its difficulties, Fiat Auto has just posted record profits, some of the highlights are

total Group revenues up 10% to 32 billion
Group Operating profit of 1.9 billion
Auto sales of 1.2 million, up 8%
Sales in France up 45%, Germany up 23%
Share of Italian market @ 32%
Maserati sales up 21% @ 2261
Ferrari sales up 7% @ 1861

With new models like the Delta, & Mi-To, & a revised Grande Punto, plus a 500 thats constantly outselling BMW's Mini, things are looking good for Fiat Group Automobiles!
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