Fiat Auto to make money in Europe in Q4 - CEO

Newswire

MILAN, Oct 26 (Reuters) - Italian industrial group Fiat expects to make money on its European automotive opetaions in the fourth quarter, Chief Executive Sergio Marchionne told a conference call on Thursday. "The European auto side was still not earnings positive in Q3, which you would have expected anyway as a result of seasonality and otherwise, but our expectation is that Europe will be earnings positive in Q4," he said.

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