Italy's Fiat must turn car profit-Fresco


MILAN, Aug 28 (Reuters) - If industrial group Fiat does not start turning a profit at its core Fiat auto unit by 2004, the group might consider the sale of the loss-making business, Chairman Paolo Fresco said in an interview published on Wednesday. "Fiat (cars) cannot continue to make losses. Otherwise, in 2004 a choice will have to be made, but we are not there yet," Fresco said in an interview with French magazine L'Expansion. Fiat, Italy's leading industrial group, is struggling to ...

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