Excel Funds Management Inc.

Emerging Markets

Fiat doubles profits on Chrysler results, Latin America and Asia sales

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Italian carmaker Fiat more than doubled its third quarter profits thanks to strong North American sales by its Chrysler unit and as good demand in Latin America and Asia more than compensated for a weak European market.


Fiat said third-quarter net profit for the quarter ended Sept. 30 was C286 million ($369 million), up from C112 million in the same period a year earlier. Revenues were up 16 per cent to C20.4 billion.


This is positive news for the Latin America Market this growth in auto sales shows the demand and growth this area of the world continues to show.


Last year, there were 3.5 million new car and light truck purchases in Brazil alone, representing an 86-percent increase over 2006.

While Brazil leads the charge in terms of new car sales numbers, Peru topped the heap in terms of per capita market growth, moving 106,000 new cars in 2010, or three times its 2006 total. Argentina and Columbia also experienced car-buying booms, with their markets growing by 25 percent and 50 percent respectively over 2006.

Written by: Sam A.

Read more: http://www.ctvnews.ca/autos/fiat-doubles-profits-on-chrysler-results-latin-america-and-asia-sales-1.1016541#ixzz2AszVzOhG



Author: Excel Funds Management

We Are Leaders. Our Focus is Undivided. Excel Funds is Canada’s specialist in Emerging Market investment opportunities. We pioneered Emerging Market mutual fund design and distribution in Canada. Our focus is undivided – Emerging Markets is all we do. Our Mission Is To Offer Canadians True Global Access By offering Canadians access to rapid growth markets, Excel Funds provides truly global and diverse investment value. Our clients want consistent, responsible and intelligent solutions – we will never stop being challenged and deliver on client expectations. We Listen. We Are Determined To Deliver. Our clients want to understand better. Excel Funds is the only company dedicated to providing investors with actively managed, best-in-class Portfolio Managers based in regional markets. In order to deliver deeper understanding, we are not removed from unique cultural, political and economic experiences. We Initiate. We Create. Investors benefit from strong, sustainable growth. To create wealth for our clients we will: • Offer globally diverse opportunities to capture shifts in world economies • Not resist change and continually lead in Emerging Markets global growth • Engage world class institutional managers for retail investors We Are Passionate. We Will Never Stop Innovating. True leadership is enabling and seeks a positive outcome for all invested. We will not rest on past success, and continue to provide clients with: • Innovative fund structures • Canada’s largest & most comprehensive Emerging Markets products • The best institutional level Portfolio Managers • World class on-the-ground active managers • A singular focus on Emerging Markets, the driver of global growth

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