Fiat Group sales soar
Fiat Group Automobiles South Africa (FGASA) recorded its best sales month in August since July 2008. The result came off the back of aggressive finance offers on certain Alfa Romeo models and continued strong demand for Fiat 500 and Punto.
FIAT GROUP POSTED €1 BILLION TRADING PROFIT FOR Q2.
FIAT GROUP POSTED €1 BILLION TRADING PROFIT FOR Q2. ALL REGIONS CONTRIBUTING POSITIVELY WITH THE EXCEPTION OF EUROPE, WHERE LOSSES WERE REDUCED FROM Q1. NET INDUSTRIAL DEBT REDUCED TO €5.4 BILLION REVENUES TOTALED €21.5 BILLION, EBIT €1 BILLION AND NET PROFIT €358 MILLION. AVAILABLE LIQUIDITY FURTHER INCREASED TO €22.7 BILLION Revenues reflect strong growth in […]
FIAT INCREASES ITS INTEREST IN CHRYSLER GROUP LLC TO 58.5%
Fiat has advised that the third performance event contemplated by the Chrysler Group Operating Agreement, (“Ecological Event”), has been achieved, leading to a further 5% increase of Fiat’s interest in Chrysler. The increase is effective immediately. Fiat’s interest in Chrysler is 58.5%. The remaining 41.5% of Chrysler’s equity is owned by VEBA. To achieve this […]
Fiat Group Automobiles South Africa adopts improved method of sales reporting
Fiat Group Automobiles South Africa (Pty) Ltd will, from the 1st June 2008, start reporting sales in terms of actual units licensed. (Already in 2007, FGASA initiated a change by basing its sales figures on the number of units registered rather than on the dealer retail reports.)
Fiat and Italian premium brands grow car sales share in April in South Africa
In South Africa, as in Italy and Europe, Fiat passenger car sales are growing, notwithstanding the reduction on total demand for cars. A solid 48% increase in sales over last April makes Fiat the third fastest growing brand in South Africa. Ironically, just ahead of Fiat in the growth stakes are Ferrari and Maserati – […]