Automotive Industry
Industry: Email Alert RSS FeedPorsche wins, Fiat loses in Q4.(News)
Automotive News Europe, January, 2004 by Saint-Seine, Sylviane de
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Byline: Sylviane de Saint-Seine
Porsche led a strong fourth quarter in shareholder value for listed automakers. Only Fiat lost value in the period in the Automotive News Europe-PricewaterhouseCoopers Shareholder Value Index of auto manufacturers.
Porsche's stock price recorded the largest gain among automakers in the fourth quarter last year, thanks to the success of its Cayenne sport-utility.
Revenue for the German automaker jumped 47 percent for the four months ending November 30 to [euro]1.92 billion from a year earlier.
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Unit sales in western Europe rose 50 percent ...
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