Fiat cuts 2013 guidance as Latin American sales fall


MILAN, Oct 30 (Reuters) - Italian automaker Fiat on Wednesday cut its 2013 financial targets as expected, after third-quarter revenue in Latin America fell because incentives expired in Brazil. Fiat now expects to earn a trading profit of between 3.5 billion and 3.8 billion euros ($5.2 billion) in 2013, the bottom end falling below an analyst forecast range of 3.65-3.92 billion euros. Fiat said its group trading profit for the third quarter was 816 million ...


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.

Nov 21, 2016

2017 Wards 10 Best Engines: Less Is More With Four

Fun-to-drive is a key 10 Best Engines measure when it comes to small-displacement, high-performance four-bangers....More


Diesels Power Profit Gains by VW's Lending Unit  

Volkswagen Financial Services cites increased demand for diesel cars in upgrading its projected 2016 profit from €1.92 billion to a record €2.1 billion....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×