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Fiat on road to recovery
29 January 2007
After years of losses and question marks over its future, Fiat seems to be leaving its financial troubles behind. In the past week, accountants PriceWaterhouseCoopers rated the Italian automotive giant tenth in a list of leading car manufacturers, and also rated its shares as providing the best returns over both one and three years.
This new-found confidence in Fiat should allow the company greater scope to develop new models. Though Fiat has been helped in its recovery by a payout from GM, following the dissolution of links between the two firms, much of its success has been attributed to chief executive Sergio Marchionne and overall boss Luca di Montezemolo.
Fiat's fortunes should also improve with the forthcoming launch of the new Cinquecento, due to be launched at the Frankfurt motor show in September. Before that, there's also a new Bravo on the way – come back to read our first impressions at the wheel on Wednesday 31 January.
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