Iveco profit
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IVECO (UK) is set for a E operating profit this year, a !yea° chief executive Alan Fa] London last week.
"We have turned a E• operating loss in the first n months of last year into w will be a £2m operating pr this year," he said.
"It represents a E3m pr turnaround in a compa turning over about £50m annum," he said. Signific sales improvement and pr involvement combined to m. Iveco one of the best lc performing companies in UK, he said.
On the sales front, Mr I said that Iveco's market sh was up by 10 per cent over I year and the five per cent thr hold had been broken. "In fac August we had a record mat share and volume of 6.6 per c and 400 registrations," he sal( Sales have gone up by 20 cent when compared with I year's figures, and for the p three months the company I been running at a 48 per c sales increase over the sa period last year, he said.
Iveco has also concentratec efforts in revamping its pi service over the last year. A the findings of a research gramme involving 3 operators, a sales operal called Timesaver was t ye loped.
Timesaver is a comprehem parts replacement sche aimed at reducing vehi downtime.
In introducing the new a gories, Transport Secretary cholas Ridley said: "The I consumption testing sche provides vehicle buyers v valuable information about c( parative fuel consumption new cars on the market.