Fiat's new executive team are setting ambitious cost-cutting targets and seeking to speed up operational co-operation between the ailing Fiat Auto arm and General Motors, the Financial Times (FT) said, citing observers of the Italian industrial group. According to the FT, Fiat Auto and GM are outlining plans for shared inventories, car delivery and other logistical areas, while exploring increased use of common parts and platforms. Fiat is also eager to discuss greater co-operation for their large operations in Brazil and smaller ones in Asian countries.