Fiat sees end of group net losses in 2005

Newswire

TURIN, June 26 (Reuters) - Fiat said on Thursday its turnaround plan saw the wiping out of group net losses in 2005 but its core car arm Fiat Auto would take a year longer than previously forecast to hit breakeven on an operating level. "The plan...calls for the group to achieve operating breakeven in 2004 (in 2005 for Fiat Auto), to eliminate all net losses in 2005, to return to profitability in 2006 (bottom-line breakeven for Fiat Auto in 2006) and achieve breakeven cash flow from ...

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