Fiat's Iveco returning to profit in 2004 -paper

Newswire

FRANKFURT, Nov 18 (Reuters) - Fiat's truckmaking unit Iveco will return to profitability in 2004 as demand was showing signs of a turnaround next year, Iveco's head was quoted as saying in a German newspaper on Tuesday. "We will be profitable again in 2004," Iveco's new Chief Executive Jose Maria Alapont told Germany's Frankfurter Allgemeine Zeitung newspaper in an interview released on Tuesday. "Our order intake is edging upwards noticeably. The western European market is going to grow ...

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