UPDATE 2-Fiat CEO says Q3 going well, shares rise


* Fiat CEO confirms guidance upgrade likely end-Q3 * CEO says Alfa Romeo not for sale * Fiat shares up 2.6 pct at 9.31 euros, outperforming sector (Adds analyst comment, background) By Paolo Biondi RIMINI, Italy, Aug 26 (Reuters) - Italian automaker Fiat SpA said on Thursday its third quarter was proceeding well and confirmed it could raise its 2010 outlook, sending its shares higher. Fiat, Europe's fifth-biggest car maker, is looking at 2010 as a transition year to relaunch ...

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