2011 T

(*) In accordanrelated to F

(**) Following exercisableand cash mof Chrysler,

FIAT-CHRMILLION,TRADINGWAS €11

NET INDUABSORP

TOTAL AREVOLVI

FIAT (includIncome Stat

(€ million)

Net reve

% chang

Trading

Change

Trading

Operatin

Change

Profit be

Change

Profit/(lo

Change

Profit/(lo

Change

EPS – o

EPS – p

EPS – s

FIAT (includIncome Stat

(€ million)

Net reve

% chang

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Change

Trading

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Change

Profit be

Change

Profit/(lo

Change

Profit/(lo

Change

EPS – o

EPS – p

EPS – s

THIRD QUA

nce with IFRS 5 – NoFiat Group Pre-Demerg

the acquisition of an e thereafter, Chrysler’smanagement, separater, nor does it have any

RYSLER GRO, REFLECTIN

G CONDITION2 MILLION, €1

USTRIAL DEBPTION AND PA

AVAILABLE LIING CREDIT F

ding Chrysler for futement – 3rd Quarte

)

enues

ge

profit

e

margin (%)

ng profit

e

efore taxes

e

oss)

e

oss) ex-unusuals

e

ordinary shares (€

preference shares

savings shares (€)

ding Chrysler from tement – YTD (01.0

)

enues

ge

profit

e

margin (%)

ng profit

e

efore taxes

e

oss)

e

oss) ex-unusuals

e

ordinary shares (€

preference shares

savings shares (€)

ARTER RE

n current assets held ger, have been reclass

incremental 16% ows financial results wereely. Additionally, Fiat hacommitment to provide

OUP POSTEDNG CONTINUENS IN EUROPE169 MILLION

BT INCREASEAYMENTS FO

IQUIDITY STRFACILITY FOR

ull quarter) er

2011 (**)

17,552

107.9

851

595

4.8

794

540

282

41

112

39

169

94

€) (0.037)

(€) (0.037)

) (0.037)

June 2011) 1 to 30.09)

2011 (**)

39,915

51.0

1,627

834

4.1

2,628

1,860

1,796

1,290

1,386

1,317

362

268

€) 1.037

(€) 1.037

) 1.145

ESULTS

for sale and Discontinsified to exclude busine

wnership interest in Che consolidated by Fiat as not provided guarae funding to Chrysler in

D Q3 REVENUED STRONG E. GROUP TRNET OF UNUS

ED TO €5.8 BIR THE US TR

RONG AT €20.R €1.95 BILLIO

FUFIBEXNFOB

CimprdiLutre

cotra3.

nemEx

qucaanbiqu12Eu

cr€1Crecrqu

2010(*)

8.444

256

3.0

254

241

73

75

0.018

0.235

0.235

2010(*)

26,428

793

3.0

768

506

69

94

-

0.217

0.217

nued Operations, the esses transferred to th

hrysler (fully diluted), t from 1 June 2011. Fiantees or security or unin the future.

UES OF €17 OPERATING

RADING MARSUALS.

ILLION, AS A REASURY AND

.8 BILLION. TON AND ISSU

ULL YEAR GIRMED UP TILLION), ALLXPECTED REET INCOME OR THE CETWEEN €5

Revenues ohrysler for th

mproved top-lrior year, witifficult tradinuxury & Per

rend, as did Co

Trading proontributing twrading margin.0%.

Net profit wet unusual ch

market of the xcluding thes

Net industriuarter-end). Tapital absorptnd Canada foillion), and nuarter amoun2% for Chrysurope.

Total availabredit lines of €12.8 billion fohrysler. The

eflects the clredit facility, uarter end an

figures previously rephe Fiat Industrial Group

in addition to potentiaiat and Chrysler will condertaken any other si

.6 BILLION AG PERFORMARGIN INCREAS

A RESULT OFD CANADA IN

HE GROUP SUED TWO BON

GUIDANCE FTO MORE THL REMAININGEVENUES IN OF €1.7 BI

CONSOLIDAT5.0 AND €5.5

of €17.6 billiohe first full qline performath Fiat Groupg conditionsrformance bromponents.

ofit came in wo-thirds of n also improv

as €112 millioharges and a

two Fiat stose two charge

ial debt was The increase mtion, as well aor the purchanon-cash itemnted to €1.6 bisler in the U.S

ble liquidity, €2.7 billion, imor Fiat exclud

increase of losing of Fiaof which €1

d undrawn.

orted for Q3 and the fp on 1 January 2011 un

al voting rights assocontinue to manage finaimilar commitment in re

AND TRADINGANCE, DESPSED TO 4.8%

SEASONAL WNTERESTS IN

SUCCESSFULNDS TOTALIN

OR GROUP: HAN €2.1 BILG TARGETS

EXCESS OFLLION. NET

TED GROUPBILLION.

on reflect thequarter. Fiat ance by morep Automobile

in the Eurorands contin

at €851 milthe total. E

ved year-over

on, which incl€138 million lck-option relas, net profit w

€5.8 billion (€mainly reflectsas payments

ase of interestms (€0.3 billioillion. Dealer sS. and by 3%

inclusive of umproved to €2ing Chrysler €0.6 billion

at’s new €1.91.75 billion a

first nine months of 2under the Demerger.

ciated with options thanancial matters, includirelation to any financia

G PROFIT OPITE CHALLE% AND NET IN

WORKING CACHRYSLER.

LLY CLOSED ANG €1.5 BILLIO

TRADING PLLION (FROM

CONFIRMEDF €58 BILLION

INDUSTRIALP IS EXPE

e contributionexcluding Ch

e than 4% oves resilient, dopean car manued their p

llion with ChExcluding Chr-year to 3.3%

luded €57 milloss in the mated equity s

was ~€300 mill

€3.4 billion ats seasonal wto the US Tre

sts in Chrysleon). Capex fstock decreasfor FGA, ma

undrawn com20.8 billion, of

and €8.0 billiover June 3

95 billion revalready availa

010, which

at became ing funding

al obligation

1

F €851 NGING

NCOME

APITAL

A NEW ON.

PROFIT M €2.1 D WITH N AND

DEBT ECTED

n from hrysler ver the despite arkets. ositive

hrysler hrysler, % from

llion in ark-to-swaps. lion.

t June working

easury er (€0.5 for the sed by

ainly in

mmitted f which ion for 0 also

volving able at

Q3

20

11

Group

Revenue

Fiat G

460,40

y-o-y).

passen

of the

the red

was do

a lead

11.9%

remain

Chrysl

of 469

over Q

strong

Luxury

over-y

Compo

Q3 20

Power

FIAT Revenues b

(€ million

Automo

% chan

Compo

% chan

Other B

% chan

Elimina

Total

% chan

% chan

(*) Include

Results –

es totaled €1

roup Automo

00 passenge

Light com

nger car ship

passenger c

duced weigh

own 0.6 perc

ing position

on the bac

ned market le

er reported r

9,000 (+15%

Q3 2010 to

retail perfor

y & Performa

ear, while re

onents & Pro

10. Magneti

rtrain was su

by business – 3rd Q

n)

obiles (Fiat Group

ge

onents & Product

ge

Businesses

ge

ations

ge

ge ex-Chrysler

es the activities of the

Third Qua

17.6 billion:

obiles (FGA)

er cars and li

mercial veh

pments were

car market w

ht of the Italia

centage poin

in Europe w

ck of the su

eader with ov

revenues of

year-on-yea

11.4% and

mance for ne

ance brands

evenues for M

oduction Sys

Marelli post

bstantially in

Quarter

p Automobiles, Ch

tion Systems (Ma

e Passenger & Comm

arter

) posted reve

ght commerc

icle volume

e down 6.6%

was up 0.5 p

an market a

nts for Europ

with a 13.8%

uccessful pe

verall share a

€9.3 billion f

ar). Market s

in Canada u

ewly launche

: Ferrari pos

Maserati were

stems had r

ted a 7.1% i

n line with the

hrysler, Maserati,

agneti Marelli, Fia

mercial Vehicles bus

enues of €6.

rcial vehicles

s were up

due to conti

percentage p

and lower de

e overall to 6

% increase in

erformance o

at 21.9%.

for the quart

hare in the U

up 1.7 perce

ed models.

sted revenue

e up 6.0% to

revenues of

increase in r

e prior year (

Ferrari)

at Powertrain(*),Tek

siness line of the form

5 billion, in l

s shipped du

5.4% over

nuing weak

points in Italy

mand for sm

6.5%. Fiat P

volumes an

of the new D

ter on worldw

U.S. was up

entage point

es of €525 m

o €142 million

€2.8 billion,

revenues to

(€1.0 billion).

ksid, Comau)

mer FPT Powertrain T

ine with Q3

ring the quar

the prior y

demand in It

y to 29.9%,

maller segme

rofessional m

nd share up

Ducato. In B

wide vehicle

1.8 percent

ts to 14.5%,

million, up 17

n.

a 7.5% incr

€1.4 billion,

2011

15,958

125.1

2,831

7.5

264

1.9

(1,501)

17,552

107.9

4.4

Technologies sector.

2010, with

rter (-4.3%

year, while

taly. Share

but due to

ents, share

maintained

0.3 p.p. to

Brazil, Fiat

shipments

tage points

driven by

7.7% year-

rease over

while Fiat

2010

7,090

2,634

259

(1,539)

8,444

2

Q3

20

11

Trading

Fiat Gr

Tradin

World

Chrysl

continu

increas

amortiz

Luxury

trading

new pr

Compo

2010),

FIAT Trading pro

(€ million

Automo

Change

Compo

Change

Other B

Change

Total

Change

Change

(*) Include

Operatin

For Fiat

million o

related to

Net fina

€334 mi

stock op

€160 mil

and pos

expense

option-re

profit was €

roup Automo

g margin wa

Class Manu

er reported

ued positive

sed U.S. a

zation charg

y & Perform

g profit of €7

roducts, and

onents & Pro

with Magne

ofit/(loss) by busine

n)

obiles (Fiat Group

e

onents & Product

e

Businesses and E

e

e

e ex-Chrysler

es the activities of the

ng profit for

excluding C

over the sam

o Fiat Group

ancial expen

illion. Net of

ption-related

llion for Q2 2

sitive foreign

e totaled €85

elated equity

€851 million

obiles achiev

as in line with

facturing and

€556 millio

e trend in vo

nd Canadia

e for R&D, a

mance brand

77 million, in

Maserati do

oduction Sys

eti Marelli nea

ess – 3rd Quarter

p Automobiles, Ch

tion Systems (Ma

Eliminations

e Passenger & Comm

r Q3 2011 w

Chrysler, ope

me period in

p Automobile

nse totaled €

f a €138 mil

equity swap

2011, the inc

exchange

5 million (ex

y swaps), refl

with trading

ved trading p

h Q3 2010 (2

d improveme

on in tradin

olume, mix

n market s

as current sp

s benefited

n line with th

oubling tradin

stems reporte

arly double a

hrysler, Maserati,

agneti Marelli, Fia

mercial Vehicles bus

was €794 mil

erating profit

n 2010, and

s.

€543 million.

lion loss rel

ps, net financ

crease largely

impacts in Q

xcluding the

ecting lower

margin at 4.

profit of €128

2.0%), drive

ent in mix off

ng profit, re

and price fr

share. Tradin

pending relate

from highe

he prior year

ng profit to €8

ed trading pr

at €43 million

Ferrari)

at Powertrain(*),Tek

siness line of the form

llion, of whic

t was €235

included €6

Excluding C

ated to the

cial expense

y related to h

Q2. In the th

€58 million

r cost of carry

8%.

8 million (€13

n by efficien

fsetting volum

epresenting

rom new ve

ng margin

es to produc

r volumes, w

r despite hig

8 million.

rofit of €88 m

n (vs. €24 mil

ksid, Comau)

mer FPT Powertrain T

ch €559 milli

million for t

63 million in

Chrysler, net

marking-to-m

e totaled €19

higher avera

hird quarter

mark-to-mar

y, and a non

30 million for

cies in purch

me declines.

a 6.0% ma

hicle launch

benefited fro

ts still in dev

with Ferrari

her R&D sp

million (+12.8%

lion in Q3 20

2011

769

559

88

10

(6)

26

851

595

39

Technologies sector.

on related to

the quarter,

restructurin

financial exp

market of th

96 million co

ge indebtedn

of 2010, ne

rket gain on

-recurring ga

Q3 2010).

hasing and

argin, with

hes driving

rom a low

velopment.

posting a

pending for

% over Q3

010).

2010

210

78

(32)

256

o Chrysler.

down €19

ng charges

pense was

e two Fiat

ompared to

ness in Q3

et financial

n the stock

ain.

3

Q3

20

11

Profit b

recorded

differenc

operating

Income

million r

employm

Net pro

mark-to-

unusual

Chrysler

Net indu

billion at

billion (€

broadly

U.S. and

Total av

of which

as of Se

already a

syndicat

facility, a

before taxes

d a €74 milli

ce over Q3

g profit and €

taxes totale

related prim

ment-related

ofit was €11

-market of th

charges, th

r was break-e

ustrial debt

t June quart

€0.9 billion f

in line with f

d by 3% for F

vailable liqui

h €12.8 billion

eptember 30t

available for

ted and incre

as well as pro

s was €282

ion pre-tax l

2010 was a

€307 million

ed €170 millio

marily to tax

taxes in Italy

2 million for

he two Fiat

he Group ac

even.

t at 30 Sept

ter-end) for

for Fiat exclu

full-year guid

FGA, mainly

idity, inclusiv

n for Fiat ex

th reflects th

€1.75 billion

eased by €0.

oceeds from

million. Exc

oss (profit o

almost entire

increase in n

on. Excludin

able income

y.

r the third q

stock-option

chieved a n

tember 2011

Fiat excludi

uding Chrys

dance. Deale

in Europe.

ve of undraw

cluding Chry

e closing of

n at quarter e

2 billion), ne

the €1.5 bill

cluding a €3

of €241 millio

ely attributab

net financial

ng Chrysler (€

e of compa

uarter. Exclu

n related equ

et profit of

1 was €5.8

ing Chrysler

sler and €0.7

er stock dec

wn committed

ysler and €8

Fiat’s new €

end and und

et of early rei

ion bond iss

356 million p

on for Q3 20

ble to the €1

expense.

€34 million),

anies operat

uding the €1

uity swaps a

€300 millio

billion, of w

r. Capital ex

7 billion for

creased by 1

d credit lines

.0 billion for

€1.95 billion r

rawn (the fac

mbursement

uances in Ju

profit for Chr

010). The €3

19 million re

income taxe

ting outside

138 million l

and €57 mil

on and Fiat

hich €2.9 bi

penditure to

Chrysler), p

2% for Chry

, stood at €2

Chrysler. Th

revolving cre

cility was sub

t of a €1.0 bi

uly.

rysler, Fiat

315 million

eduction in

es of €136

Italy and

loss in the

lion in net

excluding

illion (€1.0

otaled €1.6

progressing

ysler in the

20.8 billion,

he position

edit facility,

bsequently

illion credit

4

Q3

20

11

Group

Group re

(consolid

2010. Al

and Co

Automob

FIAT Revenues b

(€ million

Automo

% chan

Compo

% chan

Other B

% chan

Elimina

Total

% chan

% chan

(*)Include

Group tr

since 1

mainly d

margin w

FIAT Trading pro

(€ million

Automo

Change

Compo

Change

Other B

Change

Total

Change

Change

(*)Include

Operatin

unusuals

related t

prior to

interest

expense

results – F

evenues for

dated from J

ll businesses

omponents &

biles revenue

by business – YTD

n)

obiles (Fiat Group

ge

onents & Product

ge

Businesses

ge

ations

ge

ge ex-Chrysler

es the activities of the

rading profi

June 2011.

driven by the

was 3.3% (3.

ofit/(loss) by busine

n)

obiles (Fiat Group

e

onents & Product

e

Businesses and E

e

e

e ex-Chrysler

es the activities of the

ng profit fo

s of €1,001

to the fair va

the acquisiti

following a

e totaled €1,0

First nine

r the first nin

June), reven

s reported y

& Productio

es were up 1

(01.01 to 30.09)

p Automobiles, Ch

tion Systems (Ma

e Passenger & Comm

it of €1,627

Excluding

e positive pe

0% for the fi

ess – YTD (01.01 to

p Automobiles, Ch

tion Systems (Ma

Eliminations

e Passenger & Comm

or the first

million. Unus

alue re-mea

ion of contro

chievement

024 million, o

months

e months of

nues were €2

year-on-year

on Systems

.7% over 20

hrysler, Maserati,

agneti Marelli, Fia

mercial Vehicles busi

million inclu

Chrysler, tra

erformance o

rst nine mon

30.09)

hrysler, Maserati,

agneti Marelli, Fia

mercial Vehicles busi

nine month

sual income

surement of

ol and of the

by Chrysle

of which €80

f 2011 totale

28.0 billion,

increases w

recording

010.

Ferrari)

at Powertrain(*),Tek

iness line of the form

uded trading

ading profit

of Componen

nths of 2010)

Ferrari)

at Powertrain(*),Tek

iness line of the form

s was €2,6

totaled €2,0

f the 30% o

e right to re

er of the th

04 million ex

ed €39.9 billio

up 6.0% ov

with Luxury &

double-digit

ksid, Comau)

mer FPT Powertrain T

profit for C

increased 1

nts and Luxu

).

ksid, Comau)

mer FPT Powertrain T

628 million,

025 million, o

wnership int

ceive an ad

hird Perform

-Chrysler (in

on. Excludin

ver the same

& Performan

growth. F

2011

34,983

56.5

9,032

13.2

794

-0.9

(4,894)

39,915

51.0

6.0

Technologies sector

hrysler of €7

6.1% or €12

ury brands a

2011

1,389

713

259

75

(21)

46

1,627

834

128

Technologies sector

including po

of which €2,0

terest held i

ditional 5%

ance Event

cluding €562

ng Chrysler

e period in

nce brands

Fiat Group

2010

22,351

7,982

801

(4,706)

26,428

706 million

28 million,

and trading

2010

676

184

(67)

793

ositive net

017 million

n Chrysler

ownership

t. Unusual

2 million in

5

Q3

20

11

non-cash

realignm

following

the realig

Chrysler

unusual

inventori

value at

amount w

Net fina

totaling

million in

option-re

increase

recurring

Profit be

million (€

trading p

unusual

Income

(€437 m

compani

Net prof

2010). E

related e

€68 milli

Net indu

excludin

the inter

the same

excludin

h charges) l

ment with Ch

g the increas

gnment of ce

r’s June-Sep

expenses r

ies associate

t the date of

was fully writ

ancial expen

€279 million

n 2010) and

elated equity

ed €136 millio

g gain in 201

efore taxes

€506 million

profit (+€128

items and hi

taxes totale

million for the

ies operating

fit was €1,38

Excluding Ch

equity swaps

on for the fir

ustrial debt

g Chrysler (€

rests in Chry

e period in 2

g Chrysler w

argely attrib

hrysler’s man

se of Fiat’s o

ertain minor a

ptember 201

recognized

ed with the re

f acquisition

tten off (reco

nse totaled

n. Excluding

included a €

y swaps (€26

on over the p

0.

was €1,796

in 2010). T

8 million), a

igher net fina

ed €410 millio

first nine m

g outside Ital

86 million fo

hrysler, unus

s, net profit

st nine mont

at 30 Septe

€0.5 billion a

ysler, there w

010. Capital

was €2.1 billio

utable to the

nufacturing a

ownership int

activities of t

1 operating

in relation t

ecognition of

of control.

ognized as a

€911 million

Chrysler, n

€115 million l

6 million gain

prior year, re

million. Exc

he €1,077 m

a €1,246 mil

ancial expen

on. Excludin

months of 201

y and emplo

r the first nin

suals and the

was €78 mi

ths of 2010.

ember 2011

at year-end

was cash abs

expenditure

on, a year-on

e impact on

and comme

terest, and to

the Group.

profit of €48

to an upwar

f assets acq

Due to rapi

one-off non-

n, including

net financial

loss on the m

n for 2010).

eflecting high

luding Chrys

million increa

llion positive

se.

g Chrysler, i

10), and rela

oyment-relate

ne months o

e mark-to-m

illion, substa

was €5.8 b

2010). Net o

sorption of a

e for the Grou

n-year increa

Fiat’s busin

rcial activitie

o one-off cha

86 million in

rd revaluatio

uired and lia

id inventory

-cash charge

net financial

expense wa

marking-to-m

Net of that it

her cost of ca

sler, profit be

ase almost e

e year-over-

income taxes

ated primarily

ed taxes in It

of 2011 (net

arket of the

antially in line

illion, of whi

of the €1.4 b

approximately

up totaled €3

ase of 16,4%

nesses of the

es, further a

arges mainly

cludes €220

on or “step

abilities assum

turnover, in

e).

expense fo

as €632 mil

market of two

tem, financia

arry in 2011 a

efore taxes w

ntirely reflec

year differen

s stood at €3

y to taxable

aly.

profit of €69

two Fiat sto

e with the co

ch €2.9 billio

billion consid

y €1 billion, i

3.1 billion, of

%.

e strategic

accelerated

y related to

0 million in

up” of its

med at fair

n June this

or Chrysler

llion (€355

o Fiat stock

al expense

and a non-

was €1,583

cted higher

nce in net

376 million

income of

million for

ock option-

omparable

on for Fiat

deration for

in line with

which Fiat

6

Q3

20

11

Fiat (includi

Income Stat

Fiatas

reported

17,552

851

794

282

112

169

(*) In accmonthJanua

FIAT Key Balanc

(€ million

Total as

Total eq

of which

(*) AmouGroup pr

ng Chrysler from J

tement

20

t s d Chrysler

F

Chrys

2 9,284 8,8

4

1 556 2

3

4 559 2

-

2 356 (7

-3

2 322 (21

-2

319 (15

-2

cordance with IFRS 5ths of 2010, which relaary 2011 under the De

ce Sheet data

n)

ssets

quity

h non controlling inte

unts reported in the 2re-Demerger.

une 2011)

3rd Quarte

011 2010 (

Fiat ex

sler Fia

813 8,444

4.4

295 256

39

3.3 3.0

235 254

-19

74) 24

315

10) 73

283

50) 75

225

5 – Non current assetsated to Fiat Group Preemerger.

30.09.2

78,

11,

erests 3,

2010 Fiat Group Fin

er (*)

at (€ million)

4 Net revenu

% change

6 Trading pro

Change

0 Trading ma

4 Operating

Change

1 Profit befo

Change

3 Profit/(loss

Change

5

Profit/(lossunusuals ataxes

Change

s held for sale and Disre-Demerger, have bee

2011 30.06.201

902 78,47

762 11,97

198 3,19

ancial Statements a

ues

rofit

argin (%)

profit

re taxes

s)

s) ex-and related

scontinued Operationseen reclassified to excl

11 31.12.2010 (*)

79 73,442

75 12,461

99 917

and relating to Fiat

Fiat as

reported Chry

39,915 12,

1,627

2,628

1,796

1,386

362 3

s, the figures previouslude businesses trans

1

2011

ysler

Fiat ex

Chrysler

609 28,013

6.0

706 921

128

3.3

486 2,142

1,374

213 1,583

1,077

179 1,207

1,138

399 (37)

-131

ly reported for Q3 andsferred to Fiat Industria

1.01 – 30.09

2010 (*)

Fiat

26,428

793

3.0 768

506

69

94

d the first nine ial Group on 1

7

Q3

20

11

FIAT

Net Debt and

(€ million)

Financial

- Asset-ba

- Financial

- Other deb

Current financial

Financial

Financiareceivabentities

Other fina

Cash, ca

Net Debt

Cash, ca

Undrawn

Total ava

(*) Amount

(1) Include

(2) Include

(3) Of whic

FIAT

Change in N

(€ million

Cash fchange

Cash fr

Net Ind

Chang (*) Amo

(1) Cha(2) Exclconsolid

d Available Liquidity

debt

cked financing

l payables to Fiat Ind

bt

financial receivservices compani

receivables from al payables, bles from jointly-

ancial assets/(liab

sh equivalent and

t

sh equivalent and

committed credit

ailable liquidity

ts for 2010 take into

es current financial re

es the positive and ne

ch €1 million included

Net Industrial debt

n)

from Operating Ae in working capita

rom Operating Act

dustrial Cash Flow

e in Net Industriaounts referred to Fiat nge in net industrial

cludes consolidation dated level), in additi

y

dustrial

vables from joies (1)

Fiat Industrial net of currencontrolled Finan

bilities) (2)

d current securities

Indust

Finan

d current securities

lines

account effects from

eceivables from the J

egative fair value of d

d in assets held for s

Activities before al

tivities

w (1)

al Debt (2) post-Demerger debt, excluding any of €3,860 million of

ion to €490 million fo

(2

ntly-controlled

nt financial ncial Services

(2

s(3)

trial Activities

ncial Services

s(3)

the demerger on 1 J

JV FGA Capital.

derivative financial in

ale.

3rd Fiat

as reported Chrysle

1,226 726

(204) 86

(1,788) (380

(1,875) (460

capital increases, divf Chrysler’s net debt r the purchase of US

Fiat as

reported Chrysler

26,949) (9,930)

(738) (46)

- -

(26,211) (9,884)

18 -

- -

26,931) (9,930)

162 41

18,053 7,001

(8,716) (2,888)

(5,772) (2,888)

(2,944) -

18,053 7,001

2,713 963

20,766 7,964

January 2011.

nstruments.

Quarter 2011

er

Fiat ex

Chrysler

6 500

6 (290)

0) (1,408)

0) (1,415)

vidends, share buy-bt before 16% Fiat eqST and Canada intere

30.09.2011

Fiat ex

Chrysler re

(17,019) (25

(692)

-

(16,327) (2

18

-

(17,001) (25

121

11,052 1

(5,828) (6

(2,884) (3

(2,944) (2

11,052 1

1,750

12,802 2

3rd Quarter

2010 (*)

Fiat rep

640 2

343 2

(171) (

(148) (

backs and currency trquity subscription anests in Chrysler.

3

Fiat as

eported Chrysler

5,925) (9,460)

(787) (80)

- -

25,138) (9,380)

17 -

- -

5,908) (9,460)

381 (8)

9,258 7,040

6,269) (2,428)

3,407) (2,428)

2,862) -

9,258 7,040

900 900

20,158 7,940

1.01 – 3Fiat

as ported Chrysler

2,694 961

2,392 795

(611) 173

(880) 91

ranslation impacts. nd the effect of such

30.06.2011 31.

Fiat ex

Chrysler

(16,465)

(707)

-

(15,758)

17

-

(16,448)

389

12,218

(3,841)

(979)

(2,862)

12,218

-

12,218

30.09.2011 1.

Fiat ex

Chrysler

1,733

1,597

(784)

(971)

h equity subscription

8

12.2010 (*)

Fiat

(20,804)

(533)

(2,865)

(17,406)

12

5,626

(15,166)

261

12,152

(2,753)

(542)

(2,211)

12,152

-

12,152

.01 – 30.09

2010 (*)

Fiat

1,799

1,690

(358)

(889)

n (offset at

Q3

20

11

quarter.

During t

modest

The yea

economi

the prior

declines

experien

In Europ

a 12.9%

9.1%) an

in effect.

1 “Shipmentrental comp

AUTOMOBNet revenu

(€ million

Fiat Gro

% chan

Chrysle

Masera

% chan

Ferrari

% chan

Elimina

Total

% chan

AUTOMOBTrading pr

(€ million

Fiat Gro

Change

Chrysle

Masera

Change

Ferrari

Change

Total

Change

Trading

the quarter,

increase of

ar-on-year co

ic conditions

r year, contin

in France

nced a furthe

pe, FGA ship

% decline ove

nd a drop in

. By contrast

ts”: New Cars & anies, corporate f

BILES ues – 3rd Quarter

n)

oup Automobiles

nge

er

ati

nge

nge

ations

nge

BILES rofit/(loss) – 3rd Qua

n)

oup Automobiles

e

er

ati

e

e

e

g margin %

the Europ

1.7% over th

omparison in

s, with the e

nuing the po

, the UK a

er significant

pped a total o

er the prior y

France (-29

t, shipments

LCVs invoiced tofleets, governmen

2011 20

6,520 6,55

-0.5

9,284

142 13

6.0

525 44

17.7

(513) (4

15,958 7,09

125.1

arter

2011 20

128 13

-2

556

8

4

77 7

1

769 21

559

4.8 3

Auto

Fiat G

Third

Fiat

quar

the p

A mo

volum

contr

in Eu

volum

FGA

and

repre

perio

perfo

total

repre

94,80

ean passen

he prior year

n demand fo

xception of

ositive trend

and Spain

reduction, fa

of 172,400 p

year attributa

.1%) compa

in Germany

o external customt agencies and loc

010

50

-

34

46

40)

90

010

30

-

4

76

10

3.0

omobiles

Group Auto

d Quarter

Group Auto

rter with rev

prior year (+0

ore favorable

mes of ligh

ribution from

urope offset

mes.

shipped1 a

light comme

esenting a

od in 2010. T

ormance bet

of 365,6

esenting a 6

00 light com

nger car m

r, with 3.1 m

or the majo

Germany, w

recorded in

(ranging fro

alling 6.1% ov

passenger ca

able to weak

ared to Q3 20

were up 1.2

mers (i.e., dealer ncal authorities, etc

omobiles

omobiles (F

venues of €6

0.6% at con

e sales mix,

ht commerci

m the distribu

the contrac

total of 46

ercial vehicle

4.3% decre

There was a s

tween the t

600 passen

6.6% year-o

mmercial veh

market (EU27

million units s

r markets re

where deman

n the first ha

om -0.7% t

ver already l

ars during the

k demand in

010, when e

%.

network, importerc.)

FGA) closed

6.5 billion, in

stant exchan

, resulting fr

ial vehicles,

ution of Jeep

ction in pass

0,400 passe

es during th

ease over

significant dif

wo segmen

nger cars

over-year de

icles, up 5.4

7+EFTA) reg

sold to end c

eflects gene

nd was up 1

lf. There we

o -2.0%), w

ow levels in

e quarter, re

Italy (shipm

co-incentives

rs and other custo

d the third

n line with

nge rates).

rom higher

, and the

p® vehicles

senger car

enger cars

he quarter,

the same

fference in

nts, with a

shipped,

ecline, and

4% for the

gistered a

customers.

erally weak

1.6% over

ere modest

while Italy

Q3 2010.

epresenting

ments down

s were still

omers such as

9

Q3

20

11

By bran

primarily

EU mark

16,500 u

for the F

models,

FGA's o

points y

reduced

generally

FGA's s

smaller s

share de

segment

2.9% (-0

The Fiat

with ove

the A se

vehicles

competit

the quar

Sales2 fo

11,000 n

Alfa Ro

increase

Sales fo

contribut

FGA rec

third qua

the mark

largest E

2 “Sales”: rebelieved to bNacional doDireccion G

nd, Lancia r

y to the first

kets. Sales f

units shipped

Fiat brand we

partially offs

overall Europ

ear-over-yea

weight of th

y resilient de

share remain

segments, w

eclined 0.5

ts following t

0.3 percentag

t brand was

rall share in

egment rema

in the seg

tive B segme

rter.

or Lancia we

new Ypsilons

meo's mark

e in sales in t

or the Jeep

ting 0.2 perc

corded excel

arter. Volume

ket. The pos

European m

epresents sales tobe reliable, includ

os Fabricantes deeneral de Trafico;

reported an

full quarter o

for the Alfa R

d, representi

ere impacted

set by the suc

pean market

ar, primarily

he Italian pas

espite difficu

ned stable a

while share i

percentage

the phase-ou

ge points) an

the most he

Europe dow

ained stable

gment. The

ent. The Fia

ere up to ap

s sold in the f

ket share w

the UK (+32%

® brand we

centage point

llent results

es were up 1

itive trend of

markets outs

o end customers ading the following ae Veiculos Automo; the United Kingd

outstanding

of sales for t

Romeo Giuli

ng an increa

d by trading c

ccess of the

t share was

reflecting a

ssenger car

lt conditions

at 3.1%, des

n Italy was u

points to 3.

ut of eco-inc

nd in Spain to

eavily impact

wn from 5.5%

and they m

Grande Pu

t Freemont p

pproximately

first 3 month

was substant

%).

ere more th

ts to FGA's o

in the Europ

13.8% year-o

f the first hal

ide Italy: fo

as derived from oagencies in the indotores; France - Cdom - Society of M

g 35.7% in

the new Yps

ietta are on

ase of 15% o

conditions in

Freemont.

s 6.5% for t

less favora

market, whil

in Fiat’s co

spite a conti

up 0.5 perce

7%, as dem

centives. In th

o 2.9% (-0.2

ted by the m

% to 4.6%. Fo

aintained the

nto continue

performed w

23,000 unit

hs since laun

tially unchan

an double

overall marke

pean light c

on-year to 4

f continued,

r Germany,

or based upon a vdicated countries:Chambre Syndica

Motor Manufacture

crease in s

silon. For Jee

track with th

over the prio

n Italy and th

the quarter,

ble market

e share in in

re product s

inued reduct

entage points

mand shifted

he UK, share

percentage

market condit

or the Fiat Pa

eir position a

ed to perfo

well with 6,40

ts and marke

ch.

nged at 0.9

Q3 2010 at

et share.

commercial

6,800 units,

with double-

volumes w

variety of official, : Italy - Ministero dale; Germany - Krers and Traders.

shipments, a

ep®, volumes

he full-year ta

r year. Lowe

e phase-out

down 0.6 p

mix resulting

ndividual cou

egments. In

tion in dema

s to 29.9%.

toward larg

e contracted

points).

tions describ

anda and 500

as the two b

rm well in

00 vehicles s

et share at 0

9%, with a

t around 6,

vehicle ma

significantly

-digit growth

were up 24.2

non-official and indei Trasporti; Brazraftfahrzeug Bund

attributable

s tripled in

target, with

er volumes

t of several

percentage

g from the

untries was

Germany,

and in the

In France,

ger vehicle

d slightly to

bed above,

0, share of

best-selling

the highly

sold during

0.7%, with

significant

700 units,

arket in the

y outpacing

in the two

2% and in

nternal sources zil - Associaçao desamt; Spain -

10

Q3

20

11

France s

contracte

reduction

continue

correspo

Fiat Prof

points o

Germany

UK, sha

percenta

The new

back of t

In Brazi

over the

sales we

FGA shi

a 3.4% d

an overa

its near

market. S

In Argen

10,000 u

Fiat Gro

in Q3 20

decline i

In Septe

offers fu

modern

85 hp 0.

75 hp 1

than 600

3 Due to thethe EU total

shipments in

ed slightly, F

n in the UK,

ed to perform

onding period

fessional's E

ver Q3 2010

y +0.7 p.p. t

re contracted

age points to

w Fiat Ducato

the success

l, demand fo

e prior year

ere down 1.2

pped a total

decrease ove

all share of 2

est competi

Share perfor

ntina, where

units, gaining

up Automob

010) driven

n volumes.

ember, Fiat p

urther enhan

exterior. At

9L Turbo Tw

.3L MultiJet

0 different co

e unavailability of l is subject to a ma

ncreased 14.

FGA volumes

which was s

m well in m

d in 2010.

European ma

0. By individ

o 11.4%, Fra

d 0.3 percen

10.7%.

o recorded

of the new ra

or passenge

(+1.8%), wit

2%, while ligh

of 196,800 p

er Q3 2010.

21.9% (-1.8

itor and ma

rmance is in

e overall dem

g nearly 2 pe

biles closed Q

by industria

presented the

cements in

launch, the n

winAir, a 65 h

II), 3 trim p

ombinations.

data since Januaargin of error.

.2% over the

s were up 7.

substantially

inor markets

arket share w

dual market,

ance +0.4 p.

ntage points.

10% increas

ange of engi

er cars and l

th a divergin

ht commercia

passenger ca

FGA mainta

percentage

aintaining pr

line with full

mand was up

rcentage po

Q3 2011 with

l efficiencies

e third genera

comfort, tec

new model w

hp 0.9L natur

packages an

ry 2011, figures fo

e prior year.

.7%. For the

offset by an

s, recording

was 11.9%3

Italy was u

.p. to 8.1% a

. For the res

se, with 22,4

nes.

ight commer

ng trend for

al vehicle sal

ars and light

ained its lead

points), with

rice disciplin

year expect

32.2%, FGA

ints in marke

h a trading

s and an imp

ation Panda

hnology and

will be availa

rally-aspirate

nd other cus

for Italy are an ex

In Italy, wh

e other major

n increase in

a 21% ove

for the quar

up 1.0 perce

and Spain +0

st of Europe,

400 units sol

rcial vehicles

the two seg

les were up

t commercial

dership of the

a 1.4 perce

ne in an inc

ations.

A increased s

et share to 11

profit of €12

provement in

at the Frank

d safety, pac

able with a c

ed TwinAir, a

tomization o

trapolation. As the

ere the over

r markets, th

Spain. The

erall increase

rter, up 0.3 p

entage point

0.9 p.p. to 9.

FGA's shar

d in the qua

s was substa

gments: pass

14.8%.

vehicles, re

e Brazilian m

entage points

creasingly c

sales by app

1.9%.

28 million (€1

n mix which

kfurt Motor S

ckaged in an

hoice of 4 en

a 69 hp 1.2L

options provi

ey are not actual

rall market

here was a

Fiat range

e over the

percentage

to 42.4%,

.3%. In the

re rose 0.7

arter on the

antially flat

senger car

epresenting

market, with

s gap over

competitive

proximately

130 million

offset the

how which

n attractive

ngines (an

Fire and a

iding more

market figures,

11

Q3

20

11

Cheroke

engine;

Wrangle

which is

In July, t

Poland

Compas

First nin

FGA clo

period in

A total o

period, r

3.9% to

commerc

units.

AUTOMOBINet revenue

(€ million)

Fiat Gro

% chang

Chrysler

Maserat

% chang

Ferrari

% chang

Eliminat

Total

% chang

AUTOMOBITrading pro

(€ million)

Fiat Gro

Change

Chrysler

Maserat

Change

Ferrari

Change

Total

Change

Trading

ee SRT8, a

the 284 hp

er and the Je

engineered

the 2 million

– another h

sso d'Oro", th

ne months

sed the first

n 2010, main

of 1,547,500

representing

o 1,234,600

cial vehicle

ILES es – YTD (01.01 to 3

)

oup Automobiles

ge

r

ti

ge

ge

tions

ge

ILES ofit/(loss) – YTD (01

)

oup Automobiles

e

r

ti

e

e

e

margin %

high-perform

3.6L Penta

eep Wrangle

to tackle ext

nth Fiat Pand

historic mile

he 22nd editi

t nine mont

ly driven by

passenger c

a 1.3% dec

units) were

shipments,

30.09)

2011

21,085

1.7

12,609

445

2.3

1,605

19.0

(761)

34,983

56.5

.01 to 30.09)

2011

445

-23

706

26

10

212

20

1,389

713

4.0

Pre

Wh

en

hp

Fe

the

co

an

ava

No

a c

wit

hp

wil

No

ga

tra

Jee

at

mance versio

astar V6 gas

er Unlimited;

treme terrain

da rolled off

estone for th

on of the pre

ths with reve

an improved

cars and ligh

rease over t

e almost en

which were

2010

20,740

-

435

1,349

(173)

22,351

2010

468

-

16

192

676

3.0

esented alon

heel Drive F

gines, a 170

3.6L V6 gas

eatured at th

e Thema a

ming out of

d Chrysler

ailable at

ovember, will

choice of 3

th 8-speed a

and 239 hp

ll be availab

ovember with

soline eng

ansmission a

ep® gave th

the Frankfu

on equipped

soline engin

and the spe

n.

the producti

he Panda.

estigious des

enues of €2

d sales mix.

ht commercia

the prior yea

ntirely comp

up 10.2% y

ngside the P

Freemont offe

0 hp 2.0 dies

soline, and a

he Lancia st

nd Voyager

f the alliance

brands. T

dealers a

l be offered i

engines (286

automatic tra

3.0L V6 die

ble at dealer

h a choice

gine with

nd a 163 hp

e European

urt Motor S

with the new

ne that will

ecial edition

on line at th

The Fiat 50

sign award.

1.1 billion, u

al vehicles w

r. Lower pas

ensated by

year-on-year

anda was th

ered from Q

sel MultiJet I

utomatic tran

and in Fran

r, the first

e between t

The Lancia

across Euro

in 3 trim pac

6 hp 3.6L V

ansmission a

sel). The new

rs across Eu

of a 283 hp

6-speed

2.8L diesel.

premiere of

Show: the n

w 470 hp 6.

power the 2

Jeep Wrang

he FGA plant

00 received

p 1.7% over

ere shipped

ssenger car v

the increas

r to a total o

he new All-

Q4 with two

II or a 280

nsmission.

nkfurt were

2 models

the Lancia

a Thema,

ope from

ckages and

V6 gasoline

and a 190

w Voyager

urope from

p 3.6L V6

automatic

f 3 models

ew Grand

.4L HEMI®

2012 Jeep

gler Arctic,

t in Tychy,

the "ADI

r the same

during the

volumes (-

se in light

of 312,800

12

Q3

20

11

The Eur

2010, w

performa

2010, an

20.7%).

nine mon

FGA shi

over the

compens

FGA's E

7.1%, la

and the

residual

Light co

168,400

Germany

also a s

prior yea

Market s

points). F

Germany

In Brazi

year-on-

cars and

6.7%.

In Argen

line with

vehicles

FGA rep

million fo

4 Due to thethe EU total

opean passe

with 10.5 mi

ance was in

nd demand

In the rest o

nths of 2010

ipped 670,30

prior year. H

sated decline

European ma

rgely as a re

significant y

effects of ec

ommercial v

units shipp

y up 36.2%,

ignificant inc

ar.

share for th

FGA achieve

y +1.5 p.p. to

l, passenge

-year to 580

d light comm

ntina, the ma

the market,

sold.

ported a trad

or same perio

e unavailability of l is subject to a ma

enger car m

llion units s

Germany (+

was extrem

of Europe, d

.

00 passenge

Higher volum

es in Italy (-1

arket share w

esult of the re

year-on-year

co-incentives

vehicle volum

ped (+14.3%

France +15

crease in the

he period w

ed gains in a

o 12.9%, in F

r car and lig

,000 units. F

ercial vehicle

arket was up

maintaining

ding profit of

od in 2010.

data since Januaargin of error.

arket was su

sold. Of the

+10.8%). Fra

mely weak in

emand was

er cars durin

mes in Germa

13.5%), Fran

was down 0.8

educed weig

r decline ove

s.

mes for FGA

%). Performa

5.1%, UK +1

e rest of Eur

as substant

all major mar

France +0.5

ght commerc

FGA maintai

es, achieving

p 31.4% for th

its share un

f €445 million

ry 2011, figures fo

ubstantially i

e major Euro

ance was un

n Italy (-11.3

3.5 percent

ng the period

any (+13.7%

nce (-16.1%)

8 percentage

ght of the Ital

er Q1 2010,

A were up sig

ance was po

.1%, Spain +

rope, where

tially unchan

rkets, with sh

p.p. to 9.4%

cial vehicle s

ined its mar

g an overall

he first nine

nchanged at

n for the first

for Italy are an ex

n line with th

opean mark

nchanged ov

3%), the UK

age points h

d, represent

%) and the UK

and Spain (-

e points for t

ian market fo

when dema

gnificantly in

ositive in al

+2.9% and It

volumes we

nged at 13.1

hare in Italy u

, and in Spa

shipments fo

rket leadersh

share of 22.

months of 20

10.7% with

t nine month

trapolation. As the

he first nine

kets, the on

ver the same

(-5.0%) and

higher than f

ing a 10.3%

K (+1.0%) on

-25.5%).

he first nine

or the first ni

and benefited

Europe, with

l major mar

taly +6.9%. T

ere up 13.5%

1%4 (+0.1 p

up 0.6 p.p. to

in +0.6 p.p. t

or FGA were

hip for both

2% with the

011. FGA pe

a total of abo

s, compared

ey are not actual

months of

ly positive

e period in

d Spain (-

for the first

% decrease

nly partially

months to

ne months

d from the

h a total of

rkets, with

There was

% over the

percentage

o 45.2%, in

to 9.2%.

e up 3.5%

passenger

market up

erformed in

out 70,000

d with €468

market figures,

13

Q3

20

11

Chrysle

Chrysler

Chrysler

469,000

€556 mil

Third Qu

Worldwid

increase

Canada

totaled 8

Worldwid

2010. Ve

to 61,000

continue

Chrysler

vehicle s

Jeep mo

by the J

Wrangle

(up 38%

selling b

prior yea

16,000.

Dodge J

truck bra

Ram pic

were 69

2011, an

Chrysler

Fiat bran

and Fiat

5 “Sales” rep

r

r’s financial r

r had net re

vehicles, of

llion.

uarter

de vehicle s

e over Q3 2

vehicle ship

80,000 (up 42

de vehicle s

ehicle sales

0. Chrysler’s

ed 18 consec

r’s U.S. mark

sales for Jee

odels contrib

Jeep Compa

er (up 52%),

%), the most

brand, posted

ar. Contribut

In addition,

Journey eac

and posted a

ckup trucks (

,000 for the

n increase o

r 300 sales a

nded U.S. an

500 Cabrio,

epresents prelimin

results were

evenues of €

f which the

shipments to

010. U.S. ve

pments were

2%).

ales5 were 4

increased 26

s increases o

cutive months

ket share wa

ep were 115

uting to the i

ass (up 208%

the top-selli

awarded SU

d U.S. vehic

ting to this q

the Dodge

h posted do

a U.S. sales

(light-duty, h

quarter. Ch

of 23% from

and sales of t

nd Canada s

an increase

ary results for sale

consolidated

€9.3 billion (

U.S. and Ca

otaled 469,0

ehicle shipm

e 58,000 (up

496,000 in Q

6% for Q3 20

outpaced the

s of year-ove

as 11.4% in

5,000 during

ncrease, sim

%) which now

ng Jeep mod

UV ever. The

cle sales ove

quarter’s inc

Grand Cara

ouble-digit in

increase of 1

eavy-duty a

rysler brand

the prior ye

the Chrysler

sales were 1

e of 63% com

es to end custome

d by Fiat beg

(USD 13.1 b

anada accou

000 units fo

ments were

p 15%) and v

Q3 2011, an

011 in the U

e market in bo

er-year incre

Q3 2011, co

Q3 2011, u

milar to last q

w offers Tra

del in the U.

e Dodge bra

er 115,000 d

crease was

avan, Americ

ncreases on

15% reflectin

nd chassis c

U.S. sales

ear. The inc

r 200 (includi

1,000 in the

mpared to Q2

ers as reported by

ginning June

billion) on w

unted for 83

or Q3 2011

331,000 (up

vehicle shipm

increase of

.S. to 369,00

oth countries

ases.

ompared to 9

p 42% year-

quarter. The

ail Rated® 4x

.S., and the

and, Chrysle

during Q3 20

the Dodge D

ca’s best-se

a year-over

ng sales gain

cab). Total R

totaled 61,0

rease reflect

ing convertib

quarter, con

2.

y Chrysler dealer n

1, 2011. For

orldwide shi

3%. Trading

, representin

p 10% over

ments in oth

24% compa

00 and 13%

s, and sales

9.6% in Q3 2

-over-year, w

sales increas

x4 capability

Jeep Grand

r Group’s nu

011, up 13%

Durango wit

lling minivan

-year basis.

ns of all vers

Ram truck br

00 vehicles

ts an 18% in

ble versions)

nsisting of th

network.

r Q3 2011,

ipments of

profit was

ng a 15%

Q3 2010),

her regions

ared to Q3

in Canada

in the U.S.

2010. U.S.

with all five

se was led

y, the Jeep

Cherokee

umber one

% from the

th sales of

n, and the

The Ram

sions of the

rand sales

during Q3

ncrease in

of 26,000.

he Fiat 500

14

Q3

20

11

In Canad

Q3 2010

Compas

Vehicle

66,000,

First nin

Worldwid

represen

over 201

other reg

Worldwid

20% com

1,009,00

Chrysler

period o

year. Th

Cheroke

sales of

the incre

Grand C

sales inc

of all ve

vehicles

of the C

300 sale

In Canad

year-to-d

86%), th

(up 35%

Vehicle

the prior

Mexico).

da, total ma

0. Key perfo

ss (up 35%),

sales in oth

including a 2

ne months

de vehicle s

nting a 20%

10); Canada

gions totalled

de vehicle s

mpared to 2

00 and 14% i

r’s year-to-da

of 2010. U.S.

he increased

ee (up 78%)

345,000 yea

ease was th

Caravan (up 1

crease of 25

ersions of t

, a slight dec

hrysler 200 t

es, which was

da, total mar

date to 14.7%

he Jeep Wra

%).

sales in othe

r year to 18

.

rket share w

ormers in C

the Jeep Gra

her markets

29% increase

shipments to

increase ov

vehicle ship

d 223,000 (u

ales were 1

2010. Vehicl

in Canada to

ate 2011 U.S

. vehicle sale

d sales were

and the Jee

ar-to-date 20

he Dodge Du

15%) and Do

% in the first

he Ram pic

crease (less

totalling 59,0

s launching i

rket share ye

%. Key perfo

ngler (up 40

er markets d

84,000, inclu

was up 1.7 p

Canada inclu

and Cheroke

during Q3 2

e in Internatio

otalled 1,468

ver 2010. U.S

pments were

p 26%).

,376,000 for

e sales incr

o 183,000, w

S. market sh

es year-to-da

e led by the

ep Patriot (up

011, up 14%

urango with

odge Journe

t nine month

ckup trucks.

than 1%) fro

000 (includin

in early 2011

ear-to-date 2

ormers in Ca

0%), the Jee

during the firs

uding a 16%

percentage p

uded the Je

ee (up 31%)

2011 increas

onal markets

8,000 units f

S. vehicle sh

e 199,000 (u

r the first nin

reased 23%

which outpace

hare is 10.4%

ate for Jeep

e Jeep Com

p 50%). The

from the sa

sales of 39

ey (up 9%). T

hs of the yea

Chrysler b

om the first n

ng the conve

1, and the Ch

011 was up

anada includ

p Compass

rst nine mont

% increase in

points to 14.5

ep Wrangle

and the Ram

sed 21% ve

s (excluding

for the first

hipments we

up 14%); and

ne months o

year-to-date

ed the marke

%, compared

were 304,00

pass (up 13

e Dodge bran

ame period in

,000 and inc

The Ram truc

r to 189,000

rand U.S. s

nine months o

rtible) offset

hrysler Town

1.6 percenta

ded the Jeep

(up 39%), a

ths of 2011

n Internation

5% in Q3 20

r (up 52%),

m Pickup (up

ersus the pri

Mexico).

nine months

ere 1,046,000

d vehicle sh

f 2011, an in

e 2011 in th

et in both cou

d to 9.4% for

00, up 46%

38%), the Je

nd posted U

n 2010. Cont

creases by t

ck brand pos

, reflecting s

sales totalled

of the prior y

decreases i

& Country.

age points ve

p Grand Che

nd the Dodg

increased 13

nal markets

011 versus

, the Jeep

p 9%).

ior year to

s of 2011,

0 (up 20%

ipments in

ncrease of

he U.S. to

untries.

r the same

year-over-

eep Grand

.S. vehicle

tributing to

the Dodge

sted a U.S.

sales gains

d 157,000

year. Sales

in Chrysler

ersus 2010

erokee (up

ge Journey

3% versus

(excluding

15

Q3

20

11

Maserat

Maserat

period in

A total o

2010.

The third

over Q3

At the F

– the Ku

for Mase

represen

Maserat

over the

Shipmen

particula

Volume

to €26 m

of 2010.

Ferrari

For Q3 2

period in

A total

increase

new FF.

North Am

during th

particula

represen

were in

+54%) a

Ferrari c

despite h

ti

ti posted rev

n 2010.

of 1,459 vehic

d quarter clo

2010.

rankfurt Mot

ubang. The f

erati’s future

nts its entry i

i reported €4

same period

nts were up 9

arly strong pe

increases an

million (tradin

2011, Ferrar

n 2010 driven

of 1,588 ca

e related to 1

merica main

he period, a

arly positive

nting a 49%

Germany (1

and Switzerla

closed the q

higher R&D s

venues of €

cles were sh

osed with tra

or Show in S

first ever SUV

e product ra

nto a new m

445 million i

d for the prio

9.4% over th

erformance in

nd efficiency

ng margin of

ri reported re

n by higher v

ars were shi

12-cylinder m

tained its po

ccounting fo

for China, H

increase ov

166 vehicles

and (63 vehic

uarter with a

spending for

€142 million

hipped, a 6.7

ding profit o

September, M

V in Masera

ange that, w

arket segme

in revenues

r year.

he prior year

n the USA (+

gains contri

5.8%), com

evenues of

volumes for 1

pped during

models, in pa

osition as Fe

or 31.3% of

Hong Kong a

ver Q3 2010

s shipped, +

cles shipped,

a trading p

r new produc

for the thir

7% increase

of €8 million

Maserati unv

ati’s history, t

while preserv

ent.

s for the firs

r to 4,672 ve

+20%) and C

buted to a si

pared with €

€525 million

12-cylinder m

g the quarte

articular with

errari's no. 1

total sales (

and Taiwan w

0. In Europe

93% vs. 20

, +43%).

rofit of €77

cts.

rd quarter, u

over the 1,3

(trading ma

veiled the br

this concept

ving the bra

st nine mon

hicles. The i

China (+129%

ignificant inc

€16 million fo

n, a 17.7% in

models.

er, up 13.6%

h strong sale

market with

(+1% vs. 20

where 164 v

e, the most

10), France

million, in li

up 6% over

68 units ship

rgin of 5.6%

and new SU

vehicle pave

and’s distinc

nths of 2011

ncrease was

%).

rease in trad

or the first nin

ncrease over

% over Q3 2

es performan

h 497 vehicle

10). Perform

vehicles were

notable per

(80 vehicles

ine with the

the same

pped in Q3

), doubling

UV concept

es the way

ctive DNA,

1, up 2.3%

s driven by

ding profit

ne months

r the same

2010. The

nce for the

es shipped

mance was

re shipped,

rformances

s shipped,

prior year

16

Q3

20

11

At the F

ever mid

folding s

and the

For the

over the

A total o

increase

(+8.1% y

North Am

during th

higher in

10.5% o

vehicles

(+15% o

Ferrari a

increase

improvem

mix, whic

Frankfurt Mot

d-rear engine

soft-top. This

public.

first nine m

same period

of 5,165 car

e over the sa

year-over-ye

merica maint

he period, ac

n China, Hon

of total sales

shipped (+2

over 2010).

achieved tra

e (+10.4%) ov

ment was pr

ch more than

tor Show in

ed 8-cylinder

latest additi

months of 20

d in 2010.

rs were ship

ame period

ear) and 12-c

tained its pos

ccounting for

ng Kong and

s (+90% vs.

21% over th

ading profit

ver the €192

rimarily drive

n compensat

September,

r featuring an

on to the ran

011, Ferrari

pped during

in 2010. Vo

cylinder mode

sition as Fer

r 28% of tota

d Taiwan wh

2010). Perfo

e prior year

of €212 m

2 million reco

en by higher

ted for highe

, Ferrari unv

n aluminum

nge received

recorded rev

the first nin

lumes were

els (+39.7%)

rrari's no. 1 m

al sales (+14

ere 542 veh

ormance wa

r), and in Ge

million for the

orded for the

r sales volum

er R&D expen

veiled the ne

hard-top rat

d immediate

venues of €

ne months,

higher for b

).

market with 1

4.5% vs. 201

hicles were s

as also stron

ermany, with

e first nine

correspondi

mes and a m

nditure.

ew 458 Spid

her than the

acclaim from

€1,605 millio

representing

both 8-cylind

1,436 vehicle

0). Volumes

shipped, acco

ng in the UK

503 vehicle

months, a €

ng period in

more favorab

der, its first

e traditional

m the press

n, up 19%

g a 12.3%

der models

es shipped

s were also

ounting for

K, with 384

es shipped

€20 million

2010. The

ble product

17

Q3

20

11

German

Engine C

Revenue

2010 (€

compens

COMPONENNet revenue

(€ million)

Compon(Magnet

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Fiat Pow

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COMPONENTrading pro

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market and

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€228 million

sated for by

NTS & PRODUCTIOes – 3rd Quarter

)

nents ti Marelli)

ge

wertrain (*)

ge

rgical Products )

ge

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tions

ge

es the activities of thebusiness line of the f

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e

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rgical Products )

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margin %

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a recovery i

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ON SYSTEMS

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1,374

7.1

1,002

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229

16.2

371

46.1

(145)

2,831

7.5

e Passenger & Commformer FPT Powertra

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2011

43

19

29

-16

12

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4

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n the NAFTA

million were

odest declin

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2010

1,283

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197

254

(114)

2,634

mercial ain

2010

24

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78

3.0

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For Q3 2

revenues o

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In Europe,

higher sales

positive pe

Growth was

America an

performance

the prior yea

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Lighting bus

performance

and Exhaus

partially offs

other busin

principal line

Lighting

Revenues to

increase of

period for

primarily att

A region.

e substantia

ne recorded

ents & Pro

arelli

011, Magn

of €1,374 mil

growth wa

s for the Ligh

erformance

s also reco

nd China, w

e was stable

ar.

performan

siness line,

es also for t

st Systems b

set by decl

ness lines.

es was as fol

otaled €443

approximate

the prior ye

ributable to t

ally in line w

d in Brazil

oduction S

neti Marelli

lion, up 7.1%

s primarily

hting busines

in the LCV

orded in Bra

while in othe

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ce recorded

in addition t

he Electronic

businesses,

ines recorde

Performanc

llows:

million for Q3

ely 14% over

ear. The gr

the performa

ith the same

was almos

Systems

reported

% over Q3

driven by

ss line and

V market.

azil, North

er regions

down over

d by the

to positive

c Systems

were only

ed by the

ce for the

3 2011, an

r the same

rowth was

ance of the

e period in

st entirely

18

Q3

20

11

for the L

Systems

Magneti

to €69 m

to higher

COMPONE

Net revenu

(€ million

Compo(Magne

% chan

Fiat Po

% chan

Metallu(Teksid

% chan

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% chan

Elimina

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% chan

(*) Includ

VehiclesTechnol

COMPONE

Trading pr

(€ million

Compo(Magne

Chang

Fiat Po

Chang

Metallu(Teksid

Chang

Produc(Coma

Chang

Total

Chang

Trading

(*) Includ

VehiclesTechnol

Lighting busin

s (+19%).

Marelli close

million for the

r sales volum

ENTS & PRODUCTIO

ues – YTD (01.01 to

n)

onents eti Marelli)

nge

owertrain (*)

nge

urgical Products d)

nge

ction Systems u)

nge

ations

nge

des the activities of ths business line of thelogies sector

ENTS & PRODUCTIO

rofit/(loss) – YTD (0

n)

onents eti Marelli)

e

owertrain (*)

e

urgical Products d)

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ction Systems u)

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e

g margin %

des the activities of ths business line of thelogies sector

ness line (re

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mes, cost con

ON SYSTEMS

30.09)

2011

4,400

11.2

3,438

10.2

705

23.9

1,004

36.0

(515)

9,032

13.2

he Passenger & Come former FPT Powertr

ON SYSTEMS

1.01 to 30.09)

2011

127

58

98

-1

26

11

8

7

259

75

2.9

he Passenger & Come former FPT Powertr

evenues up 1

ine months w

onths of 201

ntainment me

2010

3,956

3,120

569

738

(401)

7,982

mmercial rain

2010

69

99

15

1

184

2.3

mmercial rain

Electronic S

For Q3 20

revenues o

same perio

primarily d

for the Tele

Magneti Ma

€43 million

2010. The

increased s

efficiencies

for cost p

prices.

In July, a

injectors (d

engines) wa

In Septem

Technologi

Lighting bu

RAUM labo

innovation i

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reported re

over the sa

Particularly

16%), Electro

with a tradin

10. This impr

easures and

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011, the bu

of €167 milli

od in 2010

riven by goo

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arelli reporte

, compared

e improvem

sales volum

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pressures fr

new produc

developed s

as inaugurat

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cal Innovatio

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oratory, a ce

in automotive

rst nine mo

evenues of €

ame period

good perfo

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ng profit of €

rovement wa

d industrial ef

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ion, up 17%

0. The incre

od sales pe

uct line in Eu

d Q3 tradin

to €24 milli

ment was d

es and man

re than com

rom higher

tion line for

specifically

ed in Brazil.

Agemont C

on in Amaro

e inaugurate

enter for res

e lighting.

onths, Magn

€4.4 billion,

in 2010 (€4

rmance was

s (+18%) an

€127 million,

as primarily a

fficiencies.

e recorded

% over the

rease was

erformance

urope.

g profit of

ion for Q3

driven by

nufacturing

mpensated

materials

r Pico Eco

for bi-fuel

Center for

o, Italy, the

ed the J-

search and

neti Marelli

up 11.2%

4.0 billion).

s recorded

nd Exhaust

compared

attributable

19

Q3

20

11

Fiat Pow

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approxim

transmis

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2010 pri

During th

on two B

and on t

Develop

several f

are also

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soon to

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Fiat Pow

represen

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during th

Fiat Pow

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products

6 Includes th

wertrain6

owertrain re

mately 1.2%

ssions (in line

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marily due to

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B-segment m

he Alfa Rom

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features des

being upgra

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be launche

ance, espec

nhancements

on of the C5

ance on the

in 2012.

wertrain rep

nting a 10.2%

of 1,826,000

he first nine m

wertrain clos

tially in line w

set by increa

s.

the activities of the

eported rev

over the pr

e with 2010)

osed with a t

o lower volum

evelopment

models: launc

meo MiTo dur

Euro 5 LPG

signed to en

aded to meet

of the 1.3 M

ed on the F

ially for city

s: an "intellig

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8-valve Fire

ported reven

% increase o

0 engines (

months.

ed the first

with €99 milli

ses in raw m

e Passenger & Co

venues of

ior year. A t

were sold du

trading prof

mes and incr

was comple

ch on the Fi

ring 2012.

G Fire engin

hance drivin

Euro 5 emis

MultiJet with v

Fiat Grande

driving, and

ent" alternat

ssion has als

. Application

nues of €3.

ver the prior

+3.3%) and

nine months

on for the pr

material costs

ommercial Vehicle

€1.0 billion

total of 532,

uring the qua

fit of €29 m

reased raw m

eted for appl

at Grande P

ne is also in

ng performan

ssions standa

variable geo

Punto, prov

d consumpti

tor and a var

so been dev

n is planned

.4 billion for

year (€3.1 b

1,779,000

s of 2011 wi

rior year. The

s and higher

es business line of

n for Q3 2

000 engines

arter.

illion, down f

material costs

ication of the

Punto is plan

n the final ph

nce. The CN

ards.

ometry turbo

viding a per

on. This ve

riable displac

veloped whic

on the Fiat P

r the first n

billion).

transmission

th a trading

e positive im

r depreciatio

f the former FPT P

2011, a red

s (-5.1%) an

from €45 mi

s.

e 85 hp Twin

ned by year

hase and inc

G versions o

-compressor

rfect balance

rsion, in fac

cement oil pu

ch provides

Panda and n

nine months

ns (+4.5%)

g profit of €

pact of highe

on associated

Powertrain Techno

duction of

nd 526,000

illion in Q3

nAir Turbo

r-end 2011

corporates

of the Fire

r engine is

e between

ct, has two

ump.

enhanced

new Lancia

s of 2011,

were sold

€98 million,

er volumes

d with new

ologies.

20

Q3

20

11

Teksid

Teksid r

quarter

driven by

Teksid c

million fo

Teksid’s

period in

Mercosu

business

Teksid c

of €15 m

Comau

Comau

business

operatio

Order int

quarter o

Comau

breakeve

to the Bo

Revenue

mainly d

and activ

Order in

nine mo

increase

Welding

performa

Comau c

profit of

attributa

recorded €2

of 2010 attr

y positive pe

closed the q

or Q3 2010, p

revenues f

n 2010, refle

ur, NAFTA a

s unit.

closed the firs

million for the

reported re

s lines reco

ns and activi

take for the

of 2010.

closed the q

en result for

ody Welding

es for the fi

due to the po

vities in Chin

take for the

nths of 2010

e over year-e

and Robot

ance.

closed the fir

€1 million f

ble to the Po

29 million in

ributable to

erformance in

quarter with

primarily res

for the first

cting higher

nd Europe,

st nine mont

same period

evenues of

orded increa

ities in China

period totale

quarter with

r the corresp

operations a

rst nine mo

ositive perfor

na.

period, total

0. At 30 Sep

end 2010. Al

tics operatio

rst nine mon

for the corre

owertrain Sys

n revenues

higher volum

n Mercosur, N

trading pro

ulting from v

nine month

sales volum

while revenu

hs with a tra

d in 2010.

€371 million

ases, with t

a, in particula

ed €256 millio

trading pro

ponding perio

and activities

onths of 201

mance of the

ling €1.2 bill

tember 2011

l business li

ons and act

nths with trad

esponding p

stems and R

for Q3 2011

mes for the

NAFTA and

ofit of €12 m

volume increa

hs were €705

mes for the C

ues were do

ading profit

n for Q3 20

the Body W

ar, making a

on, represen

ofit of €4 m

od in 2010. T

s in China.

11 totaled €1

e Powertrain

ion, represe

1, the order

nes contribu

tivities in C

ding profit o

period in 20

Robotics oper

1, a 16.2% i

Cast Iron b

Europe.

million, comp

ases.

5 million, up

Cast Iron bus

own 8.1% ov

of €26 millio

011, up 46.1

Welding and

significant c

nting a 5.3%

illion, compa

This improve

1.0 billion, u

n Systems an

nted a 37%

backlog tota

uted to the in

hina recordi

of €8 million,

10. The imp

rations.

ncrease ove

usiness unit

pared to a p

23.9% over

siness unit (+

erall for the

n, compared

1% year-ove

Powertrain

ontribution.

increase ove

ared to a su

ement was a

p 36% year-

nd Robotics

increase ov

led €0.8 billi

ncrease, with

ing particula

compared to

provement w

er the third

t (+14.6%)

profit of €9

r the same

+18.1%) in

Aluminum

d to a profit

er-year. All

n Systems

er the third

ubstantially

attributable

-over-year,

operations

ver the first

ion, a 28%

h the Body

arly strong

o a trading

was mainly

21

Q3

20

11

Other B

Other B

service c

€264 mil

Other Bu

and con

2010.

For the

(down 0

eliminati

same pe

Businesse

Businesses

companies a

llion, 1.9% h

usinesses re

solidation ad

first nine m

.9% over the

ons and con

eriod in 2010

es

includes th

and holding c

igher than th

eported a tra

djustments,

months of 20

e prior year)

nsolidation a

.

he contributi

companies. In

he €259 millio

ding loss of

compared to

011, Other B

and a tradi

adjustments)

on from the

n Q3 2011, O

on for Q3 20

f €6 million, i

o a loss of €

Businesses r

ng loss of €

) compared

e Group’s p

Other Busine

10.

including the

€32 million f

reported rev

€21 million (i

with a loss

publishing bu

esses had re

e impact of el

for the same

venues of €7

including the

of €67 milli

usinesses,

evenues of

liminations

e period in

794 million

e impact of

ion for the

22

Q3

20

11

Signifi

On July

due July

notes –

S.p.A.) u

assigned

by Fitch.

On Octo

syndicat

general

revolving

on July

successf

increase

relations

On July

6.031%

consider

rights un

million, U

between

diluted o

consider

Chrysler

On Sept

Rating f

Trade L

Ratings

rating at

As a res

objective

Fiat anno

Council,

activities

performa

cant Even

8th, Fiat com

y 2014) and

issued by F

under the G

d a rating of

. They are lis

ober 13th, Fia

te of 18 key

corporate pu

g credit facili

27th, 2011

fully closed

ed to €1.95

ship banks.

21st, follow

fully-diluted

ration of US

nder the Equ

USD 15 mill

n the U.S. Tr

ownership i

ration of US

r increased to

tember 21st

from Ba1 to

Ltd. S.A. and

lowered Fiat

B. The outlo

sult of the a

e of enhanci

ounced the f

similar to t

s. The Group

ance of the b

nts

mpleted two

another for €

Fiat Finance

Global Mediu

Ba1 by Moo

sted on the Ir

at closed a €

relationship

urposes and

ity originally

for an amo

with a large

billion, dem

wing receipt o

ownership

D 500 millio

uity Recaptur

lion of which

reasury and

nterest held

SD 125 milli

o 53.539% (f

t, Moody’s I

Ba2. Moody

d Fiat Finan

t S.p.A.’s lon

ook is negativ

acquisition o

ng the oper

formation, ef

the one that

p Executive

businesses, s

bond issues

€600 million

e and Trade

m Term Not

ody’s Investo

rish Stock Ex

€1.95 billion 3

banks. The

d working ca

signed in Fe

ount of €1.7

e oversubsc

monstrating th

of the neces

interest held

n. On the sa

re Agreemen

h was paid t

Canada. Als

d in Chrysle

ion. As a re

fully diluted).

nvestors Se

y’s also dow

nce North A

ng-term ratin

ve for both a

of majority o

ational integ

ffective begin

t managed

Council (GE

setting perfo

s, one for €9

(fixed coup

Ltd. S.A. (a

te program

ors Service,

xchange.

3-year comm

e facility is c

apital needs,

ebruary 2009

75 billion. Th

cription that

he solid sup

ssary regulat

d in Chrysler

ame date, th

nt for a cash

to Canada i

so on July 21

er by the C

esult of the

.

ervice lowere

wngraded the

America, Inc.

g from BB+

agencies.

ownership of

gration of Fia

nning of Sept

Fiat until th

EC) is respo

rmance targ

00 million (fi

on of 7.375%

a wholly-ow

guaranteed

BB by Stand

mitted revolvi

urrently und

and it repla

9. The facility

he syndicati

enabled the

pport Fiat S

tory approva

r by the U.S

he U.S. Trea

consideratio

n accordanc

1st, Fiat acq

Canadian go

se transacti

ed Fiat S.p.

e notes issu

. to Ba3. O

to BB and c

f Chrysler an

at and Chrys

tember 2011

he demerger

onsible for re

ets, making

xed coupon

% due July 2

ned subsidia

by Fiat S.p.

dard & Poor’s

ng credit fac

rawn and in

aces the 3-ye

y was origina

on of the fa

facility amo

.p.A. enjoys

als, Fiat purc

S. Treasury f

asury assign

on from Fiat

ce with the a

uired the 1.5

overnment fo

ons, Fiat’s

A.'s Corpora

ued by Fiat

n October 1

onfirmed its

nd consisten

sler, at the e

, of a Group

r of the Fiat

eviewing the

key strategic

of 6.125%

2018). The

ary of Fiat

.A. – were

s and BB+

cility, with a

ntended for

ear € 1 bn

ally signed

acility was

ount to be

s from key

chased the

for a cash

ned Fiat its

of USD 75

agreement

508% fully-

or a cash

interest in

ate Family

Finance &

18th, Fitch

short-term

nt with the

end of July

p Executive

t Industrial

e operating

c decisions

23

Q3

20

11

and inve

deploym

compose

America

Systems

Operatin

The COO

regional

grouping

compose

operating

years to

On Sept

inclusion

indexes

together

compani

On Sept

Index (C

publishe

analyzed

maximum

represen

reducing

On Sep

confeder

On Octo

three ma

various

productio

Producti

confirme

Also on

Alfa Rom

beginnin

aluminum

estments for

ment of key h

ed of 4 Regi

, NAFTA, A

s and Castin

ng Officer (C

O’s are acco

resources,

g is reflective

ed of indust

g regions, a

come. The f

tember 8th,

n in the Dow

for the third

r with BMW

ies evaluated

tember 14th

CDLI) and C

ed by the C

d worldwide.

m score (“A”

nted a majo

g environmen

ptember 30th

ration of Itali

ober 3rd, Fiat

ain architect

brands. Ins

on of the f

on of the A

ed.

October 3rd

meo will be

ng early 2013

m 4-cylinder

the Group a

human reso

onal Operat

Asia-Pacific),

ngs (Teksid

OO) who wi

ountable for P

including

e of the Gro

trial process

and optimize

final group is

Fiat S.p.A.

w Jones Su

consecutive

W, compared

d by SAM, th

h, Fiat S.p.A

Carbon Perfo

Carbon Disc

Fiat receive

) for the com

or improvem

ntal impacts

h, Fiat anno

an businesse

t confirmed i

ures at Mira

tallation of

first namepla

Alfa Romeo

, Fiat annou

developed

3. Designed

r engine will

and sharing

urces. The

ions Groups

, Automotive

and Comau

ll drive the o

Profit and Lo

manufacturi

up’s focus a

leaders, wh

e the capital

s composed o

was again

ustainability

year. Fiat re

d to an ave

he investmen

A. entered th

ormance Lea

closure Proje

ed a score of

mmitment sho

ent over th

in Fiat’s over

ounced its d

es) with effec

ts intention t

afiori on whic

the manufa

ate, a Jeep

MiTo (new

nced that a

in Italy and

for both tran

have a disp

best practice

GEC will ha

for car man

e Compone

u). Each wil

organization

oss of their re

ng and co

and emphasi

ho will drive

allocation c

of support/co

recognized

World and

eceived the h

erage of 72

nt group spec

he Global 50

adership Ind

ect (CDP).

f 93/100 for

own in reduc

e prior year

rall business

decision to

ct from 1 Jan

to install the

ch several n

cturing infra

p SUV, is e

and update

new gasolin

produced a

nsversal and

placement of

es, including

ave 4 main

nufacturing a

nts (mainly

ll be the res

via a region

egion/busines

mmercial a

s on its bran

consistency

choices the

orporate func

as a sustai

Dow Jones

highest score

2/100 for a

cialized in su

00 Carbon

ex (CPLI) a

More than

transparency

cing carbon e

r and confir

s strategy.

withdraw fro

nuary 2012.

most update

ameplates w

astructure w

expected to

ed versions)

ne direct inje

at the FMA p

d longitudina

f 1.8 liters an

g the develop

groupings. T

nd sales (EM

Magneti Ma

sponsibility o

al Managem

ss, the mana

ctivities. Th

nds. The thir

y and rigor a

Group will fa

ctions.

nability lead

Sustainabili

e in its secto

ll Automobi

ustainability i

Disclosure L

ccording to

400 compa

y in disclosu

emissions. B

rm the centr

om Confindu

ed version of

will be produ

ill begin in

commence

at Mirafiori

ection turbo

plant in Prat

l applications

nd maximum

pment and

The first is

MEA, Latin

arelli) and

of a Chief

ment Team.

agement of

he second

rd group is

across the

face in the

der with its

ity Europe

or (94/100),

les sector

nvesting.

Leadership

the report

anies were

ure and the

Both scores

ral role of

ustria (the

f one of its

uced for its

2012 and

e in 2013.

was also

engine for

tola Serra,

s, the new

m output of

24

Q3

20

11

300 hp,

future em

On Octo

America

Additio

At the re

details r

year 201

architect

of today

as, in su

2011. Fo

which is

setting a ne

missions stan

ober 26 the

(UAW) ratifi

onal inform

equest of C

regarding inv

11, together

ture converg

, the informa

ubstance, tho

or the sake

being issued

ew performa

ndards in bo

United Auto

ied a new na

mation

Consob, the

vestments as

with confirm

ence and co

ation recently

ose related t

of clarity, su

d simultaneo

nce standard

th Europe (E

mobile, Aero

ational four-y

Italian stock

s of 30 Sept

mation of the

omponent sta

y disclosed

o the geogra

uch informat

ously with an

d in its categ

Euro 6) and t

ospace and

year labor ag

k exchange

tember 2011

e Group’s pre

andardization

regarding pr

aphical diver

tion is provid

d as an integ

gory. It will a

he U.S. (Tie

Agriculture

reement with

regulator, F

1 and those

eviously disc

n. In addition

roduct plans

rsification of

ded in a sep

gral part of th

also be com

r 2 Bin 5).

Implement W

h Chrysler G

iat is provid

forecasted f

closed plans

n, Fiat confirm

remains val

revenues ex

parate anno

his press rele

mpliant with

Workers of

roup.

ing further

for the full

s related to

ms that, as

lid, as well

xpected for

ouncement,

ease.

25

Q3

20

11

2011 O

Full yea

remainin

Reven

Tradin

Net pro

Net ind

Total a

Capita

While w

targeted

The manaArticle 154correspond

This press rare based orisks and unas such, unstatements commodity pfloods, earthdifficulties, iGroup’s con

On Octobe

first nine m

recording w

Outlook

r 2011 guida

ng targets co

nues in exces

g profit in ex

ofit at around

dustrial debt

available liqu

al expenditure

working on a

alliances to

John

Cha

ager responsible4-bis (2) of Legds to the results

release, and in paon the Group’s cuncertainties. They ndue reliance shas a result of a vprices, changes inhquakes or other including capacityntrol.

er 28th, at 4.00

months results

will be available

ance for Gro

nfirmed.

ss of €58 bill

xcess of €2.1

d €1.7 billion

between €5

uidity expecte

e of approxim

achievement

optimize cap

Elkann

airman

e for preparing gislative Decrees documented in

articular the sectiourrent expectationy relate to events aould not be placvariety of factorsn general economnatural disasters

y and supply con

p.m. CET, man

to financial an

e later on the Gr

oup: trading

ion;

billion (revis

;

5.0 and €5.

ed greater tha

mately €5.5 b

of its finan

pital commitm

****

the Company'se 58/98, that thn the books, acc

on entitled “2011 ns and projectionsand depend on ci

ced on them. Act, including: volatil

mic conditions, ecos, changes in govstraints and man

nagement will h

nalysts and ins

roup’s website:

profit firmed

sed from €2

.5 billion;

an €18 billion

billion

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ments and re

Ser

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******

s financial repohe accounting incounting and ot

Outlook”, contains about future eveircumstances thattual results may lity and deterioratonomic growth anvernment regulationy other risks and

old a conferenc

stitutional inves

www.fiatspa.co

d up to mor

2.1 billion);

n;

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educe risks.

rgio Marchio

ef Executive Off

orts, Richard Panformation conther records of t

ns forward-lookingents and, by theirt may or may not differ materially

tion of capital andnd other changes on (in each case

d uncertainties, m

T

ce call to presen

tors. The call

m.

re than €2.1

ontinue its s

nne

ficer

almer, declares,tained in this phe company.

g statements. Ther nature, are subjoccur or exist in tfrom those expred financial markein business condi, in Italy or abroaost of which are

Turin, 27 Oct

nt the 2011 third

can be followe

billion, all

strategy of

, pursuant to press release

ese statements ect to inherent the future and,

ressed in such ets, changes in itions, weather, ad), production outside of the

tober 2011

d quarter and

ed live and a

26

Q3

20

11

ConsoUnaudited

(€ million)

Net revenues

Cost of sales

Selling, genera

Research and

Other income (

TRADING PRO

Gains (losses)

Restructuring c

Other unusual

OPERATING P

Financial incom

Result from invShare of the for using the

Other income

PROFIT/(LOSS

Income taxes

PROFIT/(LOSS

Post-tax profit/

PROFIT/(LOSS

PROFIT/(LOSS

Owners of the

Non-controlling

PROFIT/(LOSSATTRIBUTABL

Owners of the

Non-controlling

(*) In accordanmonths of 2

(**) Amounts repfour months

Translation The principaleuros were a

US dollar

Brazilian real

Polish zloty

Argentine peso

Pound sterling

Swiss franc

olidate

al and administr

development co

(expenses)

OFIT/(LOSS)

) on the disposa

costs

income (expen

PROFIT/(LOSS

me (expenses)

vestments: profit/(loss) of inequity method

e (expenses) fro

S) BEFORE TA

S) FROM CONT

/(loss) from Disc

S) FOR THE PE

S) FOR THE PE

parent

g interests

S) FROM CONTLE TO:

parent

g interests

nce with IFRS 5, a010 have been reported for Chrysle

s of operations.

of financial sl exchange rat

as follows:

o

ed Inc

rative costs

osts

al of investments

ses)

)

nvestees accou

om investments

AXES

TINUING OPER

continued Opera

ERIOD

ERIOD ATTRIB

TINUING OPER

as a result of the eclassified. er for the third qua

statements detes used to tra

A

come S

s

unted

RATIONS

ations

BUTABLE TO:

RATIONS FOR

Demerger, which

arter of 2011 inclu

enominated ianslate into eu

01/01

Average At 30

1.406

2.294

4.021

5.744

0.871

1.234

Statem

THE PERIOD

h took effect on 1

ude three months

n a currency uros the financ

1-30/09 2011

0 September

1.350

2.507

4.405

5.677

0.867

1.217

ment 3rd Q

2

1

1

January 2011, t

of operations and

other than thcial statements

At 31 Decem

Quarter 2011(**)

3rd Q2

17,552

14,806

1,483

416

4

851

-

61

4

794

(543)

31

31

-

282

170

112

-

112

(46)

158

(46)

158

he figures for the

d those for the firs

he euros s prepared in

ber 2010

1.336

2.218

3.975

5.303

0.861

1.250

Quarter 2010 (*)

01/01-30/2011(

8,444 39,9

7,230 33,8

717 3,3

253 1,0

12 (2

256 1,6

-

- 1

(2) 1,0

254 2,6

(27) (91

14

14

- (1

241 1,7

168 4

73 1,3

117

190 1,3

170 1,2

20

63 1,2

10

e third quarter and

st nine months of

currencies oth

01

Average At

1.315

2.341

4.004

5.115

0.857

1.400

27

/09 (**)

01/01-30/092010 (*)

915 26,428

866 22,673

73 2,206

26 739

23) (17)

627 793

7 2

03 21

97 (6)

628 768

11) (355)

79 93

93 96

14) (3)

796 506

410 437

386 69

- 213

386 282

91 235

95 47

91 40

95 29

d for the first nine

2011 include only

her than the

1/01-30/09 2010

t 30 September

1.365

2.320

3.985

5.403

0.860

1.329

7

e

y

ConsoUnaudited

(€ million)

ASSETS

Intangible asse

Property, plant

Investments an

Investments

Other investm

Leased assets

Defined benefi

Deferred tax a

Total Non-cur

Inventories

Trade receivab

Receivables fr

Financial recei

Current tax rec

Other current a

Current financi

Current inves

Current secu

Other financi

Cash and cash

Total Current

Assets held for

Elimination of f

TOTAL ASSET

Total assets adj

EQUITY AND

Equity:

Issued capita

Non-controlli

Provisions:

Employee be

Other provisi

Debt:

Asset-backed

Debt payable

Other debt

Other financial

Trade payable

Current tax pay

Deferred tax lia

Other current l

Liabilities held

Elimination of f

TOTAL EQUIT

Total equity and(*) Amounts rep(**) Amounts rel

olidate

ets

t and equipmen

nd other financi

accounted for u

ments and finan

s

it plan assets

ssets

rrent assets

bles

rom financing ac

ivables from Dis

ceivables

assets

ial assets:

stments

urities

al assets

h equivalents

assets

r sale and Disco

financial receiva

TS

justed for asset-

LIABILITIES

al and reserves

ng interest

enefits

ons

d financing

e to the Disconti

l liabilities

es

yables

abilities

iabilities

for sale and Dis

financial receiva

TY AND LIABILI

d liabilities adjusported at 30 Septelate to Fiat pre De

ed sta

t

al assets:

using the equity

ncial assets

ctivities

scontinued Ope

ontinued Opera

bles from/debt p

backed financing

attributable to o

inued Operation

scontinued Ope

bles from/debt p

ITIES

sted for asset-bacember 2011 includ

emerger.

atemen

method

rations

tions

payable to Disco

g transactions

owners of the pa

ns

erations

payable to Disco

cked financing trdes the consolidat

nt of fi

ontinued Operati

arent

ontinued Operat

ransactions tion of Chrysler fro

inanciAt

ions

tions

om the date of ac

al pos30 September 20

17

19

2

4

9

3

3

17

37

78

7

1

8

3

15

6

8

26

26

14

7

78

7quisition of contro

sition 011 (*) At 31 Dec

7,903

9,364

2,542

1,521

1,021

86

90

1,690

1,675

9,464

3,029

3,541

-

570

1,899

795

38

199

558

7,853

7,151

76

-

8,902

78,164

1,762

8,564

3,198

5,324

6,813

8,511

6,949

738

-

6,211

396

4,791

462

1,294

7,919

5

-

8,902

78,164 ol.

28

cember 2010 (**)

4,350

9,601

1,653

1,465

188

-

20

1,678

17,302

4,443

2,259

2,866

5,626

353

1,528

735

34

185

516

11,967

29,777

34,854

(8,491)

73,442

64,588

12,461

11,544

917

4,924

1,704

3,220

20,804

533

2,865

17,406

255

9,345

181

135

3,908

29,920

(8,491)

73,442

64,588

8

ConsoUnaudited

(€ million)

A) CASH ANDB) CASH FLOProfit/(loss) foAmortisation a(Gains) lossesOther non-casDividends recChange in proChange in deChange in iteChange in opChange in woCash flows froTOTAL C) CASH FLOInvestments i

Property, plaInvestments

Cash and casthe additionalProceeds fromNet change inChange in othOther changeCash flows froTOTAL D) CASH FLOBonds issuedRepayment oIssuance of mRepayment oChanges in neNet change inCapital increaDividends pai(Purchase)/saCash flows froTOTAL Translation exE) TOTAL CHF) CASH ANDof which: cash F) CASH AND

(*) Cash flows f(**) In accordan

reclassified.(a) Includes rev

charges. Fovalue of two

(b) Cash from vincluded in a

olidate

D CASH EQUIVOWS FROM (USor Continuing Oand depreciatios from disposal sh items ceived ovisions ferred income tms due to buy-berating lease ite

orking capital om (used in) the

OWS FROM (USn: ant and equipms in subsidiariessh equivalents f 16% ownership

m the sale of non receivables froher current secues om (used in) the

OWS FROM (USd f bonds

medium-term bof medium-term et financial rece

n other financialase id ale of ownershipom (used in) the

xchange differeHANGE IN CASD CASH EQUIVand cash equiva

D CASH EQUIVfor the first nine mce with IFRS 5, a versal of the net

or the first nine moo equity swaps on vehicles sold unda separate line ite

ed Sta

VALENTS AT BSED IN) OPERAperations for the

on (net of operatof non-current

axes back commitmeems

e operating activ

SED IN) INVES

ment and intangibs and other equirom consolidatiop interest

on-current assetom financing acurities

e investing activ

SED IN) FINAN

orrowings borrowings

eivables from Fi payables and o

p interests in sue financing activ

nces H AND CASH E

VALENTS alents included in VALENTS AT ENmonths of 2011 incas a result of the D

gain recognized onths 2011, the ite

a basket of Fiat Ser buy-back comm

em under operating

atemen

EGINNING OF ATING ACTIVITe period ting lease) assets

ents

vities of Discont

TMENT ACTIV

ble assets (net oty investmentson of Chrysler,

ts ctivities

vities of Disconti

CING ACTIVIT

at Industrial groother financial a

bsidiaries vities of Discont

EQUIVALENTS

Assets held for sND OF PERIODcludes the consolidDemerger, which

in H1 2011 in relem also includes rS.p.A. and Fiat Indmitments for the pg activities, which

nt of C

PERIOD TIES DURING T

tinued Operatio

VITIES:

of operating lea

net of considera

tinued Operation

IES:

oup assets/liabilities

tinued Operation

S

sale and DiscontiD dation of Chryslertook effect on 1 J

lation to the Chryreversal of a €117dustrial S.p.A. ordperiods reported also includes the

Cash F

THE PERIOD:

ons

ases)

ation paid for

ns

ns

inued Operations

r from the date of January 2011, the

ysler transaction o7 million loss (€22 inary shares. above, net of am

e change in workin

Flows

0

(a)

(b)

s

acquisition of con

e figures for the fir

of €2,017 million million gain for th

ounts already recng capital.

01/01-30/09 2011(*)

11,967

1,386 2,308

(3) (1,140)

81 68

(21) 34

(28) (303)

- 2,382

(3,070) (121)

5,624 314

(879) (16) (54)

- 1,798

2,500

(1,325) 1,697

(3,576) 2,761

55 7

(175) (438)

- 1,506

201 5,887

17,854 1

17,853 ntrol. rst nine months o

and reversal of uhe first nine month

cognized through

29

01/01-30/09 2010 (**)

12,226

69 1,627

(9) -

62 40

(28) 35

- (36)

1,484 3,244

(1,838) (247)

- 44

(651) 3

77 (521)

(3,133)

- (1,071)

811 (586)

- 132

1 (238)

- 1,078

127 186 424

12,650 1,676

10,974

f 2010 have been

unusual non-cashhs 2011) in the fair

profit and loss, is

9

n

h r

s