ITALY: Fiat makes larger Q4 loss than forecast
Fiat Auto ended the fourth quarter of 2002 with an operating loss of less than 200 million euros, below a previous forecast of break even, a statement on Monday said, according to Reuters. Reuters reported that Fiat group net debt fell to below three billion euros by the end of the year from 5.8 billion euros at the end of September, in line with a target set by its creditor banks.
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