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Italy to Base Car-Incentives Renewal on Auto Sales Figures, Fiat's Plan

Oct. 23 (Bloomberg) -- Italy will wait until next month for the release of new auto sales numbers and Fiat SpA’s industrial plan before renewing car trade-in incentives for next year, Industry Minister Claudio Scajola said. Full Article at Bloomberg.com

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  1. Oct. 23 (Bloomberg) -- Italy’s benchmark FTSE MIB Index fell for a fourth day, dropping 27.47, or 0.1 percent, to 23,785.94 as of 1:12 p.m. in Milan. The following stocks were among the most active on the Italian market today. Full Article at Bloomberg.com

  2. Fiat SpA lost 168 million euros, or $251 million, in the third quarter, in contrast to a restated profit of 604 million euros a year earlier. The loss was considerably larger than the average 74.7 million-euro loss forecast by analysts. Full Article at Detroit Free Press

  3. Fiat SpA, the Italian industrial holding company, is expected to report an operating profit Wednesday for the third quarter as its three core car brands have increased sales in a weak European market and offset declining sales from its truck and heavy... Full Article at Detroit Free Press

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  1. Economic Development Minister Claudio Scajola looks on during a meeting with trade unions on the Sicilian Fiat Termini Imerese factory at the Economic Ministry in downtown Rome November 30, 2009.
  2. VALENCIA, SPAIN - NOVEMBER 10:  Valentino Rossi of Italy and Fiat Yamaha Team prepares to start from the team garage during testing at the Valencia Circuit on November 10, 2009 in Valencia, Spain.
  3. VALENCIA, SPAIN - NOVEMBER 09:  Valentino Rossi of Italy and Fiat Yamaha Team heads down a straight during testing at the Valencia Circuit on November 9, 2009 in Valencia, Spain.
  4. VALENCIA, SPAIN - NOVEMBER 08:  World champions in their categories, Hiroshi Aoyama of Japan and Scot Racing 250cc (L), Valentino Rossi of Italy and Fiat Yamaha (C) and Julian Simon of Spain and Bancaja Aspar 125 cc pose on their winning bikes after the MotoGP of Valencia at the Valencia circuit...
  5. VALENCIA, SPAIN - NOVEMBER 07: Jorge Lorenzo of Spain and Fiat Yamaha lifts the front wheel during qualifying ahead of the MotoGP of Valencia at the Valencia Circuit on November 6, 2009 in Valencia, Spain.
  6. VALENCIA, SPAIN - NOVEMBER 06: Valentino Rossi of Italy and Fiat Yamaha heads down a straight during the first free practice session ahead of the MotoGP of Valencia at the Valencia Circuit on November 6, 2009 in Valencia, Spain.
  7. VALENCIA, SPAIN - NOVEMBER 05:  Jorge Lorenzo of Spain and Fiat Yamaha Team poses during the last round of Comunitat Valenciana Grand Prix MotoGP in the Valencia Circuit on November 5, 2009 in Valencia, Spain.
  8. AUBURN HILLS, MI - NOVEMEBER 4:  Sergio Marchionne, Chrysler Group LLC Chief Executive Officer and Fiat CEO, heads for lunch during a break in a meeting at the Chrysler Technical Center November 4, 2009 in Auburn Hills, Michigan. Marchionne laid out Chrysler's new 5-year business plan.
  9. Economic Development Minister Claudio Scajola looks on during a meeting with trade unions on the Sicilian Fiat Termini Imerese factory at the Economic Ministry in downtown Rome November 30, 2009.

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