UPDATE 4-New Fiat models help Q1 profit trump expectations

Newswire

(adds comments from conference call, Fitch, closing shares) By Jo Winterbottom MILAN, April 23 (Reuters) - Italian car maker Fiat boosted trading profit at its auto unit almost four-fold in the first quarter, beating forecasts, as it squeezed more money from a rise in sales of its smaller city cars like the Panda. Fiat said in a statement on Monday it was lifting its guidance for the year to the top end of its range and expected to cut net debt below 1 billion euros ($1.36 billion) by ...

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