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4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  Fiat SpA    FIA   IT0001976403

FIAT SPA (FIA)
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Fiat And Tata Group To Re-Align Indian Joint Venture

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05/02/2012 | 12:59pm CEST

Fiat SpA (FIATY) and Tata Motors Ltd. (TTM) have agreed to revamp an alliance in India, a move that will lead to the Italian auto maker handling the distribution and servicing of its cars in the South Asian country.

The two companies will, however, continue with their equally owned joint venture to manufacture the Fiat and Tata brands of cars as well as their engines and transmissions at a factory at Rajangaon in western India, they said in a joint statement.

Tata Motors is currently managing the distribution of Fiat's products in India.

"As part of the growth plans and in order to provide greater focus on the Fiat brand, Tata Motors will hand over the distribution and service responsibility for Fiat cars in India to a Fiat Group-owned company being formed for this purpose," according to the statement.

-By Santanu Choudhury, Dow Jones Newswires; +91-11-4356-3305; [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
FIAT SPA 1.22% 7.025 End-of-day quote.18.17%
TATA MOTORS 0.33% 336.1 End-of-day quote.-22.05%
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Financials (€)
Sales 2018 116 B
EBIT 2018 8 087 M
Net income 2018 5 258 M
Finance 2018 3 315 M
Yield 2018 0,42%
P/E ratio 2018 5,80
P/E ratio 2019 5,72
EV / Sales 2018 0,23x
EV / Sales 2019 0,20x
Capitalization 29 684 M
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Fiat SpA Technical Analysis Chart | FIA | IT0001976403 | 4-Traders
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 20,4 €
Spread / Average Target 5,7%
EPS Revisions
Managers
NameTitle
Sergio Marchionne Chief Executive Officer & Executive Director
John Jacob Philip Elkann Chairman
Richard Keith Palmer CFO & COO-Systems & Castings
Harald J. Wester Chief Technology Officer
Andrea Agnelli Non-Executive Director
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