UPDATE 1-Fiat cuts operating loss, Auto worse than expected
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Italian industrial group Fiat (FIA.MI: Quote, Profile, Research) narrowed its operating loss to 97 million euros ($124 million) in the third quarter from 285 million a year ago but its car arm continued to fall short of analysts
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For all of 2006, the worldâs largest automaker reported a $2 billion loss but cited progress in its restructuring.
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â¢ Group 1 Automotive reported a net loss of $9.6 million for the third quarter, which ended Sept. 30. The results include a charge of $29.
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Plus: AT&#38;T posts $7.1 billion loss...Lucent sees first profitable year since 2000...EMC issues sunny report...IBM net income inches higher, despite legal bill.
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Â· Pound falls as news swirls around money marketsÂ· US Fed poised to cut rates amid global liquidity crisis
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Mounting losses at U.S. arm Chrysler   forced DaimlerChrysler DCXGn.DE to cut its 2006 operating   profit forecast by around 1 billion euros ($1.27 billion) on   Friday, sending its shares skidding lower.
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The auto parts supplier reported a fourth-quarter loss of $43 million due to restructuring charges and write-downs.
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The company said its quarterly loss ballooned to $302.6 million as it struggled with its mortgage lending arm and said it is trying to renegotiate the sale of the unit.
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Fiat SpA's overall net loss widened in the third quarter, and the company's key auto unit slightly narrowed its losses, the Italian automaker said Thursday.
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Fiat SpA said Wednesday it had failed to settle with General Motors Corp. over an option to force the U.S. giant to buy its ailing auto unit, raising the prospect of a legal battle and sending Fiat's shares tumbling.
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The bigger-than-expected write-down of its mortgage portfolio led to a quarterly loss of $859 million, the bank said.
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Company posts big loss amid a variety of problems that are "self-induced." It also expects an operating loss for the current quarter, which includes the holiday selling season.
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Hard-pressed Japanese automaker Mitsubishi Motors Corp. posted a big half-year loss on Monday and widened its full-year net loss projection even as it aims to tame a domestic sales plunge with its newly launched compact car.
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Buying Fiat Auto would saddle General Motors (GM.N: Quote, Profile, Research) with fresh restructuring charges and a political fight
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Digital video recorder maker TiVo  Inc. on Wednesday reported a loss that was weighed down by an  inventory writeoff, swinging back from a small profit reported  in the first quarter of this year.
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Italian industrial group Fiat (FIA.MI: Quote, Profile, Research) posted a narrower third-quarter operating loss on Thursday, boosting its shares, but its core car-making
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Driving the companyâs loss, which amounts to $31.85 a share, was a $5.21 billion write-down on its portfolio of credit derivatives.