UPDATE 1-Fiat CEO says China venture near to breaking even

Newswire

(Adds details, background) By Fang Yan SHANGHAI, Oct 30 (Reuters) - Fiat expects its money-losing car venture with Nanjing Automobile Group to be in the black next year as it launches new models and boosts investment. The venture in the eastern city of Nanjing has been in the red for the last couple of years, partly because of a lack of cooperation with other parts of the Fiat group, the group's chief executive officer, Sergio Marchionne, said on Monday. The venture expects to sell ...

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