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Volkswagen, Chrysler And Fiat See Profits Jump   
 
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26-Apr-2012  
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Car giants Volkswagen, Chrysler and Fiat have all reported strong rises in first-quarter profits as the global car market recovers.

Volkswagen's first quarter net profit nearly doubled to 3.2bn euros ($4.2bn; 2.6bn) compared with a year ago.

Chrysler - now controlled by Italy's Fiat - announced net profits of $473m, its best quarterly profit in 13 years.

The "significant contribution" from Chrysler pushed overall net profits at Fiat group up 10-fold to 379m euros.

The group said the strong performance from Chrysler had offset lower sales of Fiat in Europe.

Revenues more than doubled on a year ago to 20.2bn euros. But excluding Chrysler, they fell 5.7% to 8.7bn euros.
 
 
Source: BBC
 
 

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