Wednesday, July 22, 2009

Q2 2009 Auto Sales: Fiat Reports Second Consecutive Loss on Truck

Fiat SpA, the Italian carmaker that acquired a stake in Chrysler LLC, reported a second consecutive quarterly loss as slumping truck and equipment sales offset an improvement in auto deliveries in western Europe.The net loss of 168 million euros ($239 million) in the second quarter missed the average estimate of a 158.4 million- euro loss from five analysts surveyed by Bloomberg. Turin-based Fiat