UPDATE 4-Fiat on track for 2004 but pushes back Auto goals

Newswire

(Writes through) By Jane Barrett BALOCCO, Italy, July 26 (Reuters) - Italy's Fiat is on track to break even at operating level this year but its new CEO pushed back "overly optimistic" targets at its core car unit on Monday, saying Fiat Auto would only turn a profit in 2006. Addressing analysts for the first time since he took the helm in June, Sergio Marchionne said Fiat would not break even at net level in 2005 as forecast by his predecessor but instead fixed a 2006 bottom line ...

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