Milan

Fiat stock sinks after disappointing results

Company made second-quarter loss of 246 million without Chrysler

Fiat stock sinks after disappointing results

(ANSA) - Milan, July 31 - Fiat's stock price sank 4.5% to 3.99 euros on the Milan bourse Tuesday after the company's financial results disappointed analysts' expectations. Fiat released balance sheet figures showing a second quarter loss of 246 million - without counting Chrysler - compared to a net profit of 1.38 billion in 2011. With Chrysler, second quarter profits came in at 358 million euros.

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