Fiat more than doubles Q3 profits thanks to Chrysler October 30, 2012 - 15:55 AMT PanARMENIAN.Net - Italian carmaker Fiat more than doubled its third quarter profits thanks to strong North American sales by its Chrysler unit and as good demand in Latin America and Asia more than compensated for a weak European market, The Associated Press reported. On the basis of the results, Fiat confirmed its 2012 guidance at the lower end of forecasts. Fiat said third-quarter net profit for the quarter ended Sept. 30 was €286 million ($369 million), up from €112 million in the same period a year earlier. Revenues were up 16 percent to €20.4 billion. Net profit attributable to the owner — not counting assets not wholly owned by Fiat — was €39 million, up from a loss of €46 million last year. Fiat forecast 2012 revenues of about €83 billion. Partner news  Top stories Tigran Sargsyan noted that the new plant will be constructed after the current one is finally out of operation. IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices.   Partner news |  Latest news Libya's interior minister submits resignation, sources say  Awash with weapons in private hands, armed attacks have increased in the last few weeks, especially on police stations in Benghazi.Human Rights Watch: more Afghan women imprisoned for "moral crimes" Human Rights Watch says many are jailed for running away from home, often from forced marriages or domestic violence.Benedict Cumberbatch’s Julian Assange biopic to open in Oct The drama centers on the relationship between Assange and Domscheit-Berg, which became increasingly fraught as WikiLeaks' influence grew.Disney greenlights new "Star Wars" animated series "Star Wars Rebels" takes place between the events of "Episode III: Revenge of the Sith" and "Episode IV: A New Hope". |
