Fiat seen profitable in 2009 despite rev fall-report

Newswire

MILAN, Nov 30 (Reuters) - Italian industrial group Fiat will make profits next year even if its revenues fall as much as 20 percent, Fiat Deputy Chairman John Elkann was quoted as saying on Sunday, in line with the group's forecasts. "Fiat will continue to make money even if revenues fall sharply, even by 20 percent compared to 2008 which itself is not an excellent year," Elkann told Il Sole 24 Ore financial daily in an interview when asked about 2009 outlook. In October, Fiat said sales ...

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