"Fiat S.p.A." Registered Office: via Nizza 250, Turin Share capital ...
"Fiat S.p.A." Registered Office: via Nizza 250, Turin Share capital ...
"Fiat S.p.A." Registered Office: via Nizza 250, Turin Share capital ...
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In the Asia Pacific region, trading conditions were favorable with<br />
demand higher in nearly all of the Group’s key markets.<br />
<strong>Fiat</strong> Group posted a 50% increase in revenues for the region and<br />
trading profit was nearly double the prior year’s level.<br />
Retail sales, including joint ventures, totaled more than 115,000 units,<br />
representing a 28% increase over the prior year.<br />
The increase was driven by the Jeep brand which nearly doubled the<br />
prior year’s volumes and accounted for 64% of total sales in the APAC<br />
region.<br />
Chrysler brand also achieved excellent results on the back of the<br />
performance of the new 300C and Grand Voyager.<br />
During the year, we undertook several initiatives to strengthen our<br />
presence in the region.<br />
In India, we established a new Group-owned company for the<br />
distribution of <strong>Fiat</strong> brand products that will take over direct<br />
management of commercial activities in the Indian market and<br />
reorganize the dealer network.<br />
In Australia, as part of the <strong>Fiat</strong>/Chrysler integration process, Chrysler<br />
Australia became sole distributor for all <strong>Fiat</strong>, Alfa Romeo and Abarth<br />
brand products.<br />
<strong>Fiat</strong> AGM Page 13 of 40 9 April 2013