Fiat to make gain of 1 bln euros on GM deal -CFO

Newswire

ROME, Feb 28 (Reuters) - Italian industrial group Fiat will book a gain of more than 1 billion euros on the unwinding of its partnership with General Motors in 2005, Chief Financial Officer Luigi Gubitosi said on Monday. In a conference call with analysts, Gubitosi said Fiat would also make a gain of 0.6 billion euros on the sale of its stake in energy holding company Italenergia. He also said Fiat aimed to sell 360,000 units of its new Punto city car a year, once sales are at full tilt. ...

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