Fiat CEO Marchionne takes over as Fiat Auto CEO


MILAN, Feb 17 (Reuters) - Fiat's Chief Executive Sergio Marchionne will take over as the head of Fiat Auto, replacing Herbert Demel who will leave the company, the Italian industrial group said on Thursday. In a statement, Marchionne said all Fiat's units -- which range from truck maker Iveco to publishing group Itedi -- had perfomed better than expected in 2004 and confirmed that the group should reach break even for last year.

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