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Earnings - USA - Fiat posts third-quarter profit on cost cutting, strong sales
ROME,Italy -The Detroit News/AP -26 Oct 2005: -- Fiat SpA reported a third-quarter profit Wednesday, more than reversing a loss a year ago, due to cost cutting and robust August sales at its struggling auto unit... Group net profit came to 818 million euros ($989.6 million), compared to a loss of 404 million euros in the third quarter of last year... Fiat said the group can be "cautiously optimistic about its future and confirms its 2005 targets."...
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