UPDATE 3-Fiat beats targets in Q2 as Auto unit slashes loss

Newswire

(Adds CEO and CFO comments from conference call) By Jane Barrett MILAN, July 28 (Reuters) - Fiat slashed losses at its core car unit in the second quarter in what analysts said were astonishing results for the Italian industrial group, sending its shares sharply higher on Thursday. Fiat Auto, which dragged the group to a record loss in 2002, cut its trading loss to 88 million euros ($106 million) from 238 million in the second quarter of 2004. Ten analysts polled by Reuters had ...

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