Fiat announces financial results

Fiat Group recorded its highest-ever trading profit in 2007, the company announced in a statement today.

The motor firm made €3.3 billion (£2.46 billion) in total, helped by sales equating to €59 billion throughout the 12-month period.

Indeed, sales in 2007 were reportedly 12.9 per cent higher than the year before, which goes some of the way to explaining the record profits.

Automobile businesses under the Fiat Group’s banner reported revenues of €29 billion – a 13.4 per cent increase on 2006.

Ferrari and Maserati offered “significant contributions” to the group’s total, with revenue growth of 15.3 and 33.7 per cent respectively.

The financial statement also suggested that the success of new models was one of the reasons for Fiat Group Automobiles selling 2.234 million units.

Earlier this week, the Fiat 500 was launched. It was revealed to the public at a party on the London Eye.

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