Italy's Fiat confirms 2004 breakeven target

Newswire

BALOCCO, Italy, July 26 (Reuters) - Italy's Fiat on Monday confirmed it expected to meet its target of breaking even at operating level this year. "The achievement of operating profitability in the second quarter of this year bolsters the group's confidence in its ability to attain the goal of operating breakeven for 2004," Fiat said in a statement. Last week, Italian newspaper la Repubblica reported that new CEO Sergio Marchionne would push back the targets, partly due to a strike at ...

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