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.
The German press came to the conclusion that Russia's Zircon missile sea-launched complex represents a real threat to warships of different countries
On January 15, it was reported that the Russian government began to develop sanctions against several officials at the World Anti-Doping Agency (WADA)