Tuesday, June 14, 2011

Fiat to the 6 million cars, confirmed the objectives

While draws to a close the first half of 2011, Fiat confirmed its objectives for the year: December 31, profits will reach 300 million euros compared with a turnover will be around 37 billion and net debt industry that has been estimated at between 1.5 and 1.8 billion. Also confirmed the production target of 6 million cars in 2014 with Chrysler, 300,000 of which may take the road of China where the Lingotto seeks to grow together and most of the other international brands, reaching a market share of 2% , which will reach less than that in India, which aims to sell 130,000 cars a year.

The data were confirmed in London during a meeting with some investors to consider issuing a new bond. Continue to climb at the Lingotto in the House of Detroit, to reinforce the absolute majority already reached last month after the repayment of debt with the government of the United States and Canada.

As stated in the strategic plan valid until 2014, these moves are essential to expand geographically to other areas of the world waiting to pursue the purchase of new shares in Chrsyler, up to 70%. As for the cars, will start production of the new Fiat Panda Pomigliano d'Arco, that of an SUV at Mirafiori and that of a new Maserati in the site of the former Bertone (near Turin), waiting to dispose of (the end this year) the plant in Termini Imerese, considered uneconomical.

As for the cars of Alfa Romeo, is expected back in North America Alfa Romeo, whose products will be sold through Chrysler's sales network. Also confirmed the arrival of a new Ferrari every year.

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