Fiat posted €583 million, or about $819 million, in profits for the second quarter of 2007, more than double last year’s €280 million in the same time period. Fiat expects profits to do nothing but rise since the introduction of the 500 minicar just a few weeks ago.
Fiat has made a tremendous turnaround in just a few years. As recently as 2004, the company was running in the red and was nearing bankruptcy.
Second quarter revenues were up 12 percent, or €15.2 billion, despite a softening of Fiat’s key Western Europe market.
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07/24, 8:19 AM
posted by:
RicardoHead
GO FIAT! KILL ZEEE KRRRRAUTS!
07/24, 8:34 AM
posted by:
sunshine1810
I wonder when Fiat will return to the United States.
07/24, 9:50 AM
posted by:
global_lightning
Yeah, I want the Nuovo 500. Now. If they bring it over and price it competitively against the Mini, Volvo C30, and BMW 1-series, Fiat will have another winner here.
07/24, 11:38 AM
posted by:
Syrax
the cinquecento is ages smaller than the mini and c30.
07/24, 11:44 AM
posted by:
LP640
its all about the 500
07/24, 12:20 PM
posted by:
global_lightning
True, but that will be its nearest competition this side of the Pond.
07/24, 12:40 PM
posted by:
gtv6
This bodes well for Alfa’s return to the US.
07/24, 2:33 PM
posted by:
Aston Martin
FIAT IS A GOOD, FUNKY LITTLE AUTOMAKER WITH LOTS OF FLAIR.
07/24, 4:31 PM
posted by:
Get Real
Hurry little Fiat man, Toyota and Honda are coming to eat you up soon.
07/25, 2:20 AM
posted by:
Saud
Ha! Fiat may not have V8s but it’s still doing better than gm AND ford
!
08/05, 12:17 PM
posted by:
BLISS
GREAT IMPROVEMENT IN PROFITS….CONTINUE.