UPDATE 1-Fiat Industrial cuts targets as truck sales slow further

Newswire

MILAN, April 30 (Reuters) - Italian truck and tractor maker Fiat Industrial cut its 2013 targets, after sales in recession-hit Europe continued to fall, pushing its truck unit to a first-quarter loss that missed analysts' expectations. Robust sales of Case New Holland's huge, high margin tractors and harvesting combines could not offset declines in trucks and construction equipment as building and freight hauling withered still further in a weak economy. ...

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Jul 26, 2016
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