These are the first results under CEO Murilo Ferreira, who in May substituted Roger Agnelli.
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This year, mining major Vale saw its CEO Roger Agnelli ousted due to government pressure.
It was able to convince other shareholders that it was time for Agnelli to retire.
Under pressure, Agnelli finally announced that he was stepping down on Thursday, March 31.
At the time, Agnelli told analysts that he had no plans on stepping down this year.
Under pressure, Agnelli told the company to start prospecting for potassium back in 2009.
Marella Agnelli, the widow of former Fiat chairman Gianni Agnelli, is one of the complicit.
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The shares rose again on news of Mr Agnelli's illness, but less dramatically, and soon fell back.
Umberto now runs the Agnelli family's business interests through a couple of holding companies (see article).
It appears that there may be a debate within the Agnelli family about the fate of Fiat Auto.
This was a sign that Umberto Agnelli and his small, well-regarded staff will abandon at least one shibboleth.
He joined with Italy's Agnelli family, which controls the Fiat industrial group, in a friendly counter-bid for Worms.
In the 1970s and 80s Agnelli's influence and powers appeared boundless and he was the personification of Italian business.
Earlier in the week, the Italian car maker's shares surged upward on rumours - swiftly rebutted - that Mr Agnelli had died.
The loss of Umberto Agnelli could loosen the Agnelli dynasty's grip on the industrial empire it founded more than 100 years ago.
When Agnelli bought it in 2007, it was in shambles, an underwhelming expanse of parched grass and tattered palm and olive trees.
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Juventus president Andrea Agnelli welcomed the decision on the club's official website.
Fiat's chairman 81-year-old chairman Giovanni Agnelli has revealed he is to travel to the United States for treatment "for a long-standing prostate problem".
The government has pressured Agnelli for years to develop other parts of Brazil, and increase its presence in other markets, such as fertilizers.
He was seen as a conservative choice for the Fiat chairmanship, vacated by Paolo Frescore in a management reshuffle after Gianni Agnelli's death.
He was to have been succeeded this summer by Giovanni Agnelli's dashing nephew, but the young man died tragically of cancer last December.
The current septuagenarian chairman is Cesare Romiti, who moved up from managing director when the elderly Giovanni Agnelli retired a couple of years ago.
Above all Agnelli -- also known as "l'avvocato " or the lawyer -- was always a man able to shape national policy behind the scenes.
Shares of Brazil mining company Vale (VALE) could have a tough opening on Monday following news that its CEO, Roger Agnelli, is stepping down.
Heir designate Giovanni Alberto Agnelli, 33, died last December of cancer.
The government was also upset with Agnelli in 2009 for laying off hundreds of employees during a recession caused by the US and EU credit crisis.
She ended the show with a long, flowing floral-printed gown with billowing sleeves, the kind you would see on the likes of Lee Radziwill or Marella Agnelli.
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Umberto Agnelli visited Mr Berlusconi on December 10th and the prime minister devoted much of the day to intervention in the affairs of Italy's most famous industrial company.
La Stampa, a Turin-based daily owned by the Fiat group (itself controlled by the Agnelli family, which usually gets along with whoever runs Italy), commented cautiously and variously.
The Agnelli family controls about 30% of the company's shares.
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