ITALY: Fiat Group 2013 trading profit off EUR1bn but Europe losses lessen
Fiat Group's full year 2013 trading profit slipped EUR1bn year on year to EUR3.4bn after "a significant reduction in losses in the Europe, Middle East and Africa (EMEA) region, "promising initial results" from a new premium strategy and strong cash generation (of EUR1.7bn) in the fourth quarter," the automaker said on Wednesday (29 January, 2014).
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