UPDATE 2-Fiat sets profit targets, Auto still tough


(Adds analyst, more details) By Jane Barrett TURIN, Italy, June 23 (Reuters) - Fiat expects to make a net profit of more than 700 million euros ($853 million) in 2006 as it leaves behind its worst-ever crisis, but managers warned on Thursday that its car division still faced challenges. Chief Executive Sergio Marchionne confirmed that Fiat would post its first net profit since 2000 this year but it will only pull into the black thanks to a 1.55 billion euro payment it won when it ...

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