Fiat plan sees positive EBITDA in 2006-Turin mayor

Newswire

TURIN, Italy, June 24 (Reuters) - Fiat expects to post a positive EBITDA in 2006, the mayor of Turin said on Tuesday after examining the Italian carmaker and industrial conglomerate's recovery plan due to be announced on Thursday. "They are expecting to return to having positive EBITDA in 2006," said Sergio Chiamparino as he left Fiat's Lingotto headquarters in Turin after a meeting with Fiat's chief executive, Giuseppe Morchio.

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