Fiat CEO confirms to hit oper breakeven in 2004


ROME, May 27 (Reuters) - Fiat CEO Giuseppe Morchio confirmed on Thursday the Italian automaker would reach the breakeven point on an operating basis this year, despite crippling strikes at a key southern Italian plant. "We can confirm the target of hitting operating breakeven at the end of 2004," Morchio told reporters on the sidelines of a Rome conference, reiterating comments made earlier this month. In April and May, Fiat was hit by a three-week strike at its Melfi plant, which ...

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