Admitting the third quarter was “not an opportunity to display optimism” in Fiat SpA’s overall financial performance, CEO Gabriele Galateri pledges the company will improve its financial footing by year’s end. Fiat reports a &euro339 million ($335 million) operating loss in the quarter due to a &euro340 million ($336 million) loss at its ailing Fiat Auto SpA unit. Total revenue at Fiat dropped by 4.4% in the quarter to &euro11.98 billion ($11.85 billion). ...
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