UPDATE 1-Fiat reiterates 2006 profit forecasts

Newswire

(Recast lead with confirmation of forecast) MILAN, June 28 (Reuters) - Italian automaker Fiat reiterated on Wednesday its forecast for the year and set a target to more than double sales at two premium brands. Confirming comments made by Chief Executive Sergio Marchionne at a meeting with union workers earlier in the day, a spokesman said Fiat stuck to a trading profit forecast of 1.6 billion to 1.8 billion euros ($2.26 billion) for the year. It also held to a net profit forecast of ...

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