UPDATE 1-Fiat Auto CEO sees better profitability in H2

Newswire

MILAN, June 24 (Reuters) - Loss-making Fiat Auto expects to improve its operating profitability in the second half of the year despite tough market conditions, its chief executive said on Monday. In a statement, Chief Executive Giancarlo Boschetti said seasonal factors would depress new car sales more in the second half than in the first, dubbed "the blackest months for cars" in Italy, but that Fiat would still squeeze out better results. "Despite quite difficult market conditions, Fiat ...

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