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Trucks and tractors are big business for Fiat (FIATY.PK), which confirms that people in BRIC countries in particular are still buying plenty of vehicles even if core Europe is on the flat side.

FIATY.PK trounced consensus by about 300% by reporting a third-quarter profit of 170 million euros ($235 million) and promising that earnings for the full year will clock in at around 400 million euros ($550 million).

Trucks and tractors, which FIATY is spinning out into an industrial subsidiary on January 3, performed particularly well, even though they are expected to only account for 1/3 of the company's business by 2014. In terms of both passenger cars and industrial vehicles, FIATY increasingly turns to emerging markets -- especially its stronghold of Brazil, where it has about a 25% share of the overall market -- for growth.

The company is active in all four members of the BRIC group, although Fiat India is reporting some difficulty in building on early success (despite a broader car buying boom there) and Fiat China has also met with some snags over the years.

Still, Brazil alone makes FIATY a top play in the global auto trade and a worthy component of any emerging car basket alongside names like Daimler (OTCPK:DDAIF), Volkswagen (OTCPK:VLKAF) and Honda (NYSE:HMC).

Disclosure: No position

Source: Fiat Sees Global Tractor Boom