Fiat posts op profit but Auto loss widens yr/yr

Newswire

BALOCCO, Italy, July 26 (Reuters) - Italian industrial group Fiat made an operating profit of 18 million euros in the second quarter but its core carmaker posted a worse than expected loss of 282 million euros, partly due to a strike. Analysts polled by Reuters had forecast Fiat would post a group operating profit of 12 million euros while Fiat Auto was seen losing 180 million. In the second quarter of 2003, Fiat Auto lost 234 million euros. In a statement on Monday, Fiat said it made a ...

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