(Adds company quotes, detail, fundmanger comment, shares) MILAN, Feb 28 (Reuters) - Italian industrial group Fiat made a record loss in 2002 on a slew of one-offs that cleared the decks for new management and said it would find five billion euros to beef up its car arm. Fiat, once Europe's biggest carmaker but last year forced to sell assets and lay off some 15,000 workers as sales of its outdated models slumped, posted a 4.26 billion euro net loss for 2002 as one-off items contributed ...
Premium Content (PAID Subscription Required)
"UPDATE 2-Fiat posts record loss, plans funds for Auto unit" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.