Fiat sees 500 mln euro hit from higher steel costs

Newswire

ROME, Feb 28 (Reuters) - Fiat took a hit of about 500 million euros from higher steel and raw material costs last year, Chief Financial Officer Luigi Gubitosi said on Monday. In a conference call with analysts, Gubitosi said its core Fiat Auto car unit accounted for about 200 million euros of the hit, with a 150 million euro impact at tractor and construction equipment arm CNH Global . "We do expect to pass on much of the increases to customers as is the general trend in the industry," ...

Premium Content (PAID Subscription Required)

"Fiat sees 500 mln euro hit from higher steel costs" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×