Fiat sells Midas car repair shops for 47.5 mln euros

Newswire

MILAN, July 29 (Reuters) - Italy's Fiat said on Thursday it had sold its car service network Midas in Europe and South America for 47.5 million euros to French group Norauto, the latest in a string of asset sales by the industrial group. Fiat said the group would book a 24 million euro ($28.86 million) capital gain from the sale by automotive components unit Magneti Marelli. Midas, known for its bright yellow shop fronts, has a network across Europe, with 620 outlets including stores in ...

Premium Content (PAID Subscription Required)

"Fiat sells Midas car repair shops for 47.5 mln euros" 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) ×