Fiat to offset higher raw material costs - CEO


MILAN, Oct 26 (Reuters) - Italian industrial group Fiat expects to offset almost all of the extra costs it incurs this year from higher raw material prices, Chief Executive Sergio Marchionne told a conference call on Thursday. "The number for Q3 is roughly 100 million (euros). We have been able to recover most of that increase via technical savings and purchasing negotiations," he said. "Full-year impact of these raw material hikes is roughly 300 million and I would expect that between ...

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