SAO PAULO — Fiat Automoveis SA ended 2001 with a profit of $81 million, but its earnings would have been considerably higher had it not been for the devaluation of the Argentine peso and the ongoing economic crisis in that country.Fiat's profits were 26% less than in 2000. The weakening peso helped drag down Fiat's profits during the year. Had the devaluation not occurred, the auto maker likely would have posted a profit of $131 million. Fiat's Argentine unit recorded a loss of $120 ...
Premium Content (PAID Subscription Required)
"Fiat Profits Decline Due to Weak Argentine Peso" 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
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.