Fiat posts worse-than-expected Q3 op loss

Newswire

MILAN, Oct 31 (Reuters) - Italy's struggling Fiat group on Thursday posted a third-quarter operating loss of 339 million euros, more than double analysts' expectations, as its key auto unit continued to bleed. A Reuters' poll of eight analysts had forecast the insurance-to-energy group would make a third-quarter operating loss of 156 million euros. Fiat Auto, planning to cut thousands of jobs in an effort to stem a financial crisis and return to profit by 2004, posted an operating loss of ...

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