Fiat Germany in red for 2008.(Fiat Automobil AG revenue report)(Financial report)(Brief article)

Byline: Matthias Krust

Despite a 10.5 percent increase in sales to 120,574 cars and vans, Fiat's German sales organization showed a net loss of 18.3 million euros ($26.3 million) in 2008.

Company-owned sales centers in Rhine-Main, Rhine-Ruhr, Berlin in Hamburg alone piled up losses of 15.4 million euros ($22.1 million), according to the annual accounting obtained by Automobilwoche.

In addition, a one-time charge of 12.5 million euros ($17.9 million) resulted from the take-over of Fiat's replacement parts business. An external service provider had previously …