Fiatconfirms auto unit to break even in 03

Newswire

PARIS, Sept. 28 (Reuters) - Struggling automaker Fiat confirmed on Thursday that it expected its car division to break even in 2003 and turn a profit in 2004. A Fiat spokeswoman confirmed that the company was sticking by its forecasts made earlier this year, citing comments by Fiat Auto Chief Executive Giancarlo Boschetti at a press conference at the Paris Auto show late on Wednesday. Earlier on Wednesday, Boschetti had said the automaker was moving towards deeper cost reductions to deal ...

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