Gains/(losses) on disposals

For 2013, gains on disposals of €971 thousand related to the sale to Fiat Partecipazioni S.p.A. of a 71% interest in Fiat Revisione Interna S.c.p.A. (gain of €925 thousand) and a 3% interest in Isvor Fiat S.c.p.A. (gain of €46 thousand). Neither company is operational. No equity investments were sold in 2012.