Deals
Fiat Forecasts Prolonged Europe Drop as Regional Loss Widens
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Fiat SpA, the Italian carmaker that controls Chrysler Group LLC, forecast a prolonged downturn in the European market after reporting a wider loss in the region.
The third-quarter operating loss in Europe widened 61 percent to 219 million euros as revenue slumped 13 percent, the Turin, Italy-based carmaker said today. The company said it may not break even in the region until 2015 or 2016 after earlier targeting an end to losses in two years.