Fiat says sees small auto operating loss in 2005


BALOCCO, Italy, July 26 (Reuters) - Fiat said in a slide presentation to analysts on Monday that it expected its auto unit to have an operating loss in 2005, missing an earlier target that the car operations would break even next year. The car division would have an operating profit in 2006, the company said. Fiat also said it expected to have a net profit of more than 500 million euros in 2006 after missing its earlier target of breaking even on a net level in 2005.

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