CORRECTED-RPT-Fiat-Chrysler cuts 2012 targets, beats forecasts

Newswire

(Corrects 2012 new revenue target to 77 bln euros from 75 bln euros in first paragraph; also Chrysler 2012 profit target reference in last paragraph) MILAN, Feb 1 (Reuters) - Italian car maker Fiat-Chrysler cut its 2012 revenue target to 77 billion euros to reflect slowing demand for cars in a weakening European economy, and said it will not pay a dividend for ordinary shares in 2011. However, Fiat forecast a trading profit at between 3.8 to 4.5 billion euros in 2012, higher than analysts ...

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