Fiat: Third-quarter net profit rises 11% to €189m

GMT 15:18 2013 Wednesday ,30 October

Arab Today, arab today Fiat: Third-quarter net profit rises 11% to €189m

Arab Today

Fiat said Wednesday its net profit rose by 11 percent to 189 million euros ($260 million) in the third quarter, but lowered its 2013 earnings target. The company, which also owns US automaker Chrysler, said it now expected a net profit of between 900 million and 1.2 billion euros for this year, down from the range 1.2-1.5 billion euros it had signalled earlier.

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