Source Pravda.Ru

Fiat's Iveco Truck unit reports .05 percent revenue growth in 2006

Revenue at Fiat SpA's truck unit Iveco grew to about Ђ9 billion (US$11.6 billion) in 2006, from Ђ8.5 billion a year earlier, the company said.

Iveco chief executive Paolo Monferino said during a presentation in Monte Carlo that the Fiat truck unit's 2006 performance was in line with targets. More details were to be disclosed when Fiat reports full-year 2006 earnings on Jan. 25.

The unit lifted its operating profit margin to about 6 percent of revenues in 2006, again in line with targets. In 2005, Iveco's operating margin was 3.9 percent of revenues, reports AP.

Iveco, a unit of the Fiat Group SpA, designs, manufactures and markets a wide range of commercial vehicles and produces public transport vehicles as well as special purpose vehicles for defense and civil protection applications, engines and firefighting vehicles.

Comments
Putin to sign new decree to spend ten trillion rubles on social needs
Putin to sign new decree to spend ten trillion rubles on social needs
Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria
UN to say amen to aggression against Syria
Boston Fakery ~ An Expose of the Boston Marathon Bombings Hoax
Western media still horrified about Russia's Doomsday weapon
UN to say amen to aggression against Syria
UN to say amen to aggression against Syria
War between USA and Russia will break out only if Americans cross Russia’s red lines
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria
Russian Defense Ministry shows fragments of 'smart missiles' shot down in Syria
Large lake of boiling water found on Mars
USA highly concerned about Russia's cold-blooded silence in response to missile attack on Syria
UN to say amen to aggression against Syria
Israel vows to destroy Russia's S-300 in Syria in case of danger
Defending the Social Media with the four-letter word
Defending the Social Media with the four-letter word
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
World War Three is near? The West wants to bypass Russia's veto at UN Security Council