UPDATE 3-Steep road ahead for Fiat after Q2 losses

Newswire

(Adds details from conference call) By Jane Barrett MILAN, July 29 (Reuters) - Italy's struggling Fiat group cut its 2002 targets on Monday as shrinking car sales weighed on second-quarter results and confirmed how much work lies ahead in a sweeping recovery plan. Fiat warned its auto unit may not meet its target of ending 2002 in line with last year's hefty operating loss and forecast the group would make a full-year loss in line with the first half, down from a breakeven target set ...

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