Fiat has reported record profits for the second quarter, with net income doubling for the period compared with last year’s results. Profits topped €593 million for the quarter, up from €280 million for the period one year earlier. The jump in results can mostly be attributed to the introduction of new and exciting models such as the Punto and Bravo lines, and the addition of the ultra-stylish 500 minicar will only see profit levels soar further.
Debt levels have also fallen for the Italian carmaker, dipping by €404 despite the payout of close to €500 million in dividends and share buybacks, according to the Associated Press. Revenues were up by 12%, amounting to a record €15 billion, and this was despite a decline in demand in key western European markets.
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