Fiat Auto does not expect to break even on an operational level before 2004, chief executive Giancarlo Boschetti said on Tuesday, according to Reuters.
Fiat Auto had previously said it expected to break even in the second half of this year. But asked when Fiat Auto would break even, Boschetti told Reuters at the Geneva car show: “In 2004, we should make it in 2004.” He confirmed the unit would not break even during any quarter of 2003.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
