UPDATE 3-Fiat claws to operating profit, to miss some goals

Newswire

(Releads with targets, put option on auto unit, adds analyst, trader comments, updates shares) By Jane Barrett BALOCCO, Italy, July 26 (Reuters) - Italy's Fiat clawed its way to second-quarter operating profit on Monday but said it would miss some future targets in an "overly optimistic" turnaround plan drawn up by the group's former management. Investors, however, focused on bullish comments by its CEO on Fiat's option to sell its loss-making auto unit to General Motors , boosting the ...

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