Fiat India Auto to break even in 2011

Newswire

NEW DELHI, Aug 28 (Reuters) - Fiat India Automobiles, an equal joint venture between India's Tata Motors and Fiat , will break even in 2011 and will sell 80,000 Fiat-branded cars in the year, a senior official said on Friday. "We expect a cash breakeven in 2011 by which time we will be selling 80,000 fiat-branded cars," Rajeev Kapoor, president and chief executive officer of Fiat India Automobiles, told reporters on the sidelines of a conference. Sales will be driven by Linea, Grande ...

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