Fiat on Monday confirmed it expected to meet its target of breaking even at operating level this year, according to Reuters.
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“The achievement of operating profitability in the second quarter of this year bolsters the group’s confidence in its ability to attain the goal of operating break-even for 2004,” Fiat reportedly said in a statement.
Reuters noted that, last week, Italian newspaper la Repubblica reported that new CEO Sergio Marchionne would push back the targets, partly due to a strike at Fiat’s Melfi plant and partly because some parts of Morchio’s plan were too optimistic.
