Thursday, January 31, 2013

Fiat Industrial 4Q profits soar 20 pct

MILAN (AP) ? Italian heavy-duty vehicles maker Fiat Industrial said Thursday that solid sales of tractors and combine harvesters offset lower performance of its truck business to push fourth-quarter earnings up 20 percent. The merger is expected to close in the second quarter of next year. Besides CNH, Fiat Industrial, based in the northern Italian city of Turin, comprises Iveco truck and heavy vehicle company and FPT Industrial powertrains.

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