Fiat confirms 2013 financial targets

Newswire

MILAN, April 29 (Reuters) - Italian automaker Fiat on Monday confirmed its 2013 financial targets, despite lower profits at its U.S. arm Chrysler and continued losses in Europe, where the car market weakened further. Fiat said its group trading profit fell to 618 million euros ($805 million), below analysts forecasts of 720 million euros. Net debt was 7.10 billion euros, against a forecast of 7.15 billion euros and compared to 6.5 billion euros at year-end. ...

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