(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 ...
Premium Content (PAID Subscription Required)
"UPDATE 4-Fiat on track for 2004 but pushes back Auto goals" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.