UPDATE 1-Fiat cuts operating loss, Auto worse than expected


(Adds detail, forecast confirmed) MILAN, Oct 28 (Reuters) - Italian industrial group Fiat narrowed its operating loss to 97 million euros ($124 million) in the third quarter from 285 million a year ago but its car arm continued to fall short of analysts' forecasts. Fiat Auto's loss shrank to 270 million euros from 314 million in the third quarter of 2003, Fiat said in a statement on Thursday, but the result was worse than the 250 million euros forecast by a Reuters poll of 11 analysts. ...

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