Fiat’s 1Q Results

Fiat’s 1Q results were worse than forecast. Turnover for the Fiat Auto division was 4.9 bn Euros, against a forecast of 5.

6 bn. Reasons given for this were de-stocking, a slower market and a flood at a Fiat factory, which led to lost production. Turnover at Iveco was down 5 p.

c. and at Case New Holland, 18 p.c.