Fiat in good health, results in line with expectations- CEO
GRUGLIASCO, Italy Jan 30 (Reuters) - Italian automaker Fiat Chief Executive Sergio Marchionne said the group is in good health, and that full-year results to be released later on Wednesday are in line with expectations.
For the fourth quarter, analysts are forecasting a trading profit of 1 billion euros ($1.3 billion), which includes 780 million euros from Fiat's U.S. unit Chrysler.
Thomson Reuters StarMine data, which is weighted against analysts' track records, suggests Fiat's net profit will be 456.8 million euros, a predicted positive surprise of 2.8 percent compared with the regular consensus.
Fiat sees a full-year loss of 700 million euros in Europe, where car sales are entering their sixth year of decline. It does not expect to break even in Europe before 2015.
- IPhone emerges from 'bygone era', reviewers hail bigger handset
- On eve of secession vote, UK's fate hangs on a divided Scotland |
- Fed renews zero rate pledge, but hints at steeper rate hike path
- Boeing, SpaceX win contracts to build 'space taxis' for NASA
- Islamic State campaign tests Obama's commitment to Mideast allies