Despite 2005 financial results that exceeded expectations, Fiat Group still has doubters among the analyst community. “It remains to be seen whether (Fiat Auto SpA) can deliver a sustained improvement given the pressure in the marketplace which has forced considerably better positioned automotive manufacturers like Peugeot (PSA Peugeot Citroen) and Renault (SA) to revise down their guidance and be cautious for 2006,” Merrill Lynch analyst Stephen Reitman writes in an 11-page report. ...

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