Award for 307
The Peugeot 307 is the European Car of the Year for 2002. The 307 received 286 votes from judges. Its closest rivals, the Renault Laguna and Fiat Stilo, received 244 and 243 votes respectively.
BMW's Mini finished fourth (213 votes) ahead of the other three finalists: the Honda Civic (174), Citroen C5 (119) and Jaguar X-type (96).
October sales up
October new-car sales in western Europe rose 8.3 percent, countering fears of a decline following the September 11 terrorist attacks.
The October gains pushed year-to-date sales into positive territory for the first time this year. Total 10-month sales for western Europe are 12.8 million, 0.2 percent ahead of January-October 2000 levels.
Except for General Motors (off 1.2 percent), sales of all major car groups rose from last year. PSA was the leader with a 22.6 percent gain to 183,516 units.
TURIN - After an operating profit of E3 million in the first half, Fiat Auto reported an operating loss of E120 million in the third quarter. Analysts estimate a loss of around E100 million in the fourth quarter.
Fiat Auto reported an operating profit of E44 million in 2000 after two years of heavy losses.
Fiat Auto said its worldwide registrations fell 11 percent in the third quarter.
- Luca Ciferri