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Fiat Auto Q1 op loss won't fall from Q4 - Fiat CFO

MILAN, Feb 28 (Reuters) - Fiat expects operational losses at car arm Fiat Auto will be lower in the first quarter of 2003 than in the same period last year but would not be lower than in the fourth quarter of 2002, Fiat's CFO said.

"We should not expect it to be lower than in the fourth quarter," Ferruccio Luppi told a conference call with analysts.

Fiat Auto made an operating loss of 180 million euros in the fourth quarter, pushing its full-year loss to 1.34 billion euros, its worst ever result.