Fiat reduced losses in Europe in fourth quarter- CEO

Newswire

GRUGLIASCO, Italy Jan 30 (Reuters) - Italy's Fiat has reduced its losses in Europe in the fourth quarter, the carmaker's chief executive said on Wednesday ahead of release of results at about 1300 GMT. "Fiat's 2013 results in Europe won't be drastically different from 2012, we have already reduced losses in the fourth quarter," he said, confirming Fiat's target of breaking even in Europe in 2015 or 2015. "We're working at the speed of light." ...

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