UPDATE 2-Steep road ahead for Fiat after Q2 losses


(Adds more analysts, GM background) By Jane Barrett MILAN, July 29 (Reuters) - Italy's struggling Fiat group reported on Monday an operating loss of 127 million euros in the second quarter, slightly worse than analysts' forecasts and confirming how much work lies ahead in its recovery plan. Fiat's core auto unit, where losses over several years have deepened as car sales slumped, posted an operating loss of 394 million euros, better than a first-quarter loss of 429 million euros as ...

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