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(Post Link) post #1 of 5 Old 03-11-15 Thread Starter
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Fiat Ireland back in the black

http://www.independent.ie/business/i...-34163791.html

Has to be good news overall, as modest as the profit is

Last edited by glumsden; 04-11-15 at 07:52. Reason: Link not showing
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What's the source or have you a link to an article ?

Edit: found it Fiat reverses Irish loss with profit of ?628,000 in 2014 - Independent.ie

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Originally Posted by Irish Independent
The Irish arm of car manufacturer Fiat made a profit of almost 630,000 last year, reversing a small loss in 2013.
Fiat Chysler Ireland handles the import and distribution of Fiat cars and parts in the Republic of Ireland.

Accounts just filed for the company show that turnover rose from just under 13m in 2013 to 15.8m in the 12 months to the end of 2014 while the firm swung from an operating loss of 37,000 to an operating profit of 558,000.

The company made a full-year profit of 628,000 compared to a loss of 23,000 in 2013.

It employed an average of 11 staff throughout the year versus eight in 2013. The cost of wages amounted to almost 1.1m, up from 712,000 in 2013.

New car registrations increased by 36pc from 485 in 2013 to 660 in 2014. However, despite the increase, the company still has a minimal share of the Irish car market.

According to figures published by the Society of the Irish Motor Industry, 96,343 new cars were registered in 2014 compared to just under 75,000 the year before.

This means that despite Fiat's sales rising by nearly a third, its market share remained at just 0.7pc.

The company launched two new models in the Irish market in 2015, the mini-SUV Fiat 500x and the New Renegade Jeep. According to the directors' report, the new models represent a "huge volume opportunity for the Fiat Brand".

Last month the European Commission ruled that parent company Fiat Chrysler benefited from illegal tax deals with the Luxembourg authorities. The EU said these deals represented unfair state aid and ordered to reclaim between 20m and 30m.


Irish Independent

Last edited by David P; 03-11-15 at 08:06.
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(Post Link) post #3 of 5 Old 04-11-15 Thread Starter
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Originally Posted by David P View Post
What's the source or have you a link to an article ?

Edit: found it Fiat reverses Irish loss with profit of ?628,000 in 2014 - Independent.ie
Thanks. Wasn't showing the link on the first line.

I've edited the OP
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Originally Posted by David P View Post

It employed an average of 11 staff throughout the year versus eight in 2013. The cost of wages amounted to almost 1.1m, up from 712,000 in 2013.
I think I might be in the wrong job, obviously cost of employment isn't the same as take-home but a few of those lads doing alright for themselves if 11 of them average at 100k a head!
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Whats wrong with Fiat in Ireland? Back in 1999 they had the number one selling car in Ireland with the Punto, & now it seems no matter how good the product is (see 500X) they are struggling to sell anything in any sort of decent number, in a country where low emissions are everything they should be cleaning up but seem to stumble from one year to another.
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