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Earnings - Italy - Iveco doubles quarterly profit
Italy -Australasian Transport News (Australia) -25 July 2006: -- Truck manufacturer Iveco has doubled its quarterly profit as part of a resurgence by the FIAT car, truck and tractor Group... FIAT directors said that Iveco had doubled profit to 163 million Euros for the second quarter of 2006 on the back of increased volumes and cost efficiencies... The Fiat car division is now in profit, following a resolution with General Motors which led to a significant reduction in debt while sales volumes were up 20.8 percent in major markets of western and eastern Europe and Brazil. Aside from Iveco Trucks, the other star in the Fiat Group was Ferrari which doubled profits to 64 million euros on deliveries of just 2,749 units...
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