Fiat, VW Sole Europe 2Q Improvers -JP Morgan

Wednesday, July 20, 2005 4:51:44 AM ET
Dow Jones Newswires

0844 GMT [Dow Jones] JP Morgan sees Fiat (FIA) and Volkswagen (VOW.XE) as the only European automobile manufactures as reporting improvement with 2Q results. Despite this, bank considers any profit warnings in the Europe sector as unlikely. Notes recent movements in currency and raw materials prices are helping sector's sentiment rather than actual operations, at this stage. Fiat shares +2.8% at EUR7.04.
Fiat e VW sono gli unici due costruttori a riportare miglioramenti nei risultati del secondo quadrimestre...