Fiat India records profits

Positive results by Fiat’s core automotive division is reported to perform well as it posted again profit for the fourth straight quarter this week. The company continued gaining from improved sales of Grande Punto hatchback and other popular Fiat models. Fiat is aiming for a 2006 group trading profit of 1.85 billion euros, targeting a net profit of 800 million euros. Fiat Auto is the group’s