Italian Fiat company opened a new car factory to produce a Maserati sports car based near Turin, at which time the company publicly revealed achieve greater profits last year despite continued losses in Europe.
During the whole of last year, sold "Fiat Group" which includes Chrysler U.S. affiliate, 4.2 million vehicles, up more than a million vehicles in 2011.
As a result, net profit increased from 684 million to 1.66 billion euros Any 2 t $ 2 billion, but the debt has also increased from 5.53 to more than 6.55 billion euros.
In the fourth quarter of last year, and net profit amounted to 388 million euros, up from 286 million in the previous three months. In the last quarter of 2011, amounted to 265 million euros.
Sergio Marchionni said Executive Director of the Fiat Group that the results achieved by Fiat in line with expectations, which means in the end that a very strong group and it is able to survive and compete in global markets.
Fiat shares rose on the Milan Stock Exchange by 2% in the financial markets.
The company has been severely damaged due to the drop in sales in Europe, which is under recession.
Marchionni wants manufacturing high luxury cars, a type of car that achieve greater profits in an attempt to strengthen the company's position.
The value of losses in the "EMEA", which includes Europe, the Middle East and Africa to 738 million euros, down 897 million euros.
However, excluding unusual items, losses increased from 353 to 544 million euros.
On the other hand, recorded Chrysler profit of $ 1.7 billion last year, equivalent to 9-fold achieved in 2011.
The Chrysler's revenue last year rose 20% to $ 8.65 billion. The company sold 2.2 million cars, thus increasing its stake in its main market in the United States of 5 t 10% to 2 t 11%.
Chief executive Sergio Marchionni in the factory area, Gerocalaasco: "We have a serious commitment," he said, adding that the company does not intend to close any of its plants in Italy.
He added that Fiat would return to profit in Europe by fiscal year 2015 - 2016. In the past year, sales of the company in Europe by 1 t 16% compared to the previous year.
In the third quarter, recorded deaths a profit of 286 million euros (386 million dollars). That came thanks to a strong performance in Brazil and in the United States where the company controls Chrysler Motor Company.
Fiat models include: Alfa Romeo, Lancia and Abart as well as Ferrari and Maserati. Also sells Chrysler cars bearing the trademark Jeep and Dodge Ram
During the whole of last year, sold "Fiat Group" which includes Chrysler U.S. affiliate, 4.2 million vehicles, up more than a million vehicles in 2011.
As a result, net profit increased from 684 million to 1.66 billion euros Any 2 t $ 2 billion, but the debt has also increased from 5.53 to more than 6.55 billion euros.
In the fourth quarter of last year, and net profit amounted to 388 million euros, up from 286 million in the previous three months. In the last quarter of 2011, amounted to 265 million euros.
Sergio Marchionni said Executive Director of the Fiat Group that the results achieved by Fiat in line with expectations, which means in the end that a very strong group and it is able to survive and compete in global markets.
Fiat shares rose on the Milan Stock Exchange by 2% in the financial markets.
The company has been severely damaged due to the drop in sales in Europe, which is under recession.
Marchionni wants manufacturing high luxury cars, a type of car that achieve greater profits in an attempt to strengthen the company's position.
The value of losses in the "EMEA", which includes Europe, the Middle East and Africa to 738 million euros, down 897 million euros.
However, excluding unusual items, losses increased from 353 to 544 million euros.
On the other hand, recorded Chrysler profit of $ 1.7 billion last year, equivalent to 9-fold achieved in 2011.
The Chrysler's revenue last year rose 20% to $ 8.65 billion. The company sold 2.2 million cars, thus increasing its stake in its main market in the United States of 5 t 10% to 2 t 11%.
Chief executive Sergio Marchionni in the factory area, Gerocalaasco: "We have a serious commitment," he said, adding that the company does not intend to close any of its plants in Italy.
He added that Fiat would return to profit in Europe by fiscal year 2015 - 2016. In the past year, sales of the company in Europe by 1 t 16% compared to the previous year.
In the third quarter, recorded deaths a profit of 286 million euros (386 million dollars). That came thanks to a strong performance in Brazil and in the United States where the company controls Chrysler Motor Company.
Fiat models include: Alfa Romeo, Lancia and Abart as well as Ferrari and Maserati. Also sells Chrysler cars bearing the trademark Jeep and Dodge Ram
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