Fiat cuts 2013 guidance as Latin American sales fall

Newswire

MILAN, Oct 30 (Reuters) - Italian automaker Fiat on Wednesday cut its 2013 financial targets as expected, after third-quarter revenue in Latin America fell because incentives expired in Brazil. Fiat now expects to earn a trading profit of between 3.5 billion and 3.8 billion euros ($5.2 billion) in 2013, the bottom end falling below an analyst forecast range of 3.65-3.92 billion euros. Fiat said its group trading profit for the third quarter was 816 million ...

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