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0907 GMT [Dow Jones]--Fiat`s (FIA) auto unit`s target for 23 new models up to `10 seems "very ambitious," says an analyst attending an investor presentation in Turin.

TURIN, Italy -- Fiat SpA Chief Executive Sergio Marchionne announced Thursday that he will give up his leadership of the company`s auto unit in 2007 and that his successor would come...

TURIN (AFX) - Fiat SpA said it expects net profit to rise to 3.4-3.6 bln eur in 2010, when the group will be sitting on net cash reserves of about 3.0 bln eur.

TURIN, Italy, Nov 9 (Reuters) - Fiat Chief Executive Sergio Marchionne told an investor conference on Thursday he would consider a strategic deal with another carmaker but no such transaction was imminent.

Fiat SpA Chief Executive Sergio Marchionne laid out an ambitious set of targets for 2010 on Thursday as he seeks to propel the once-failing automaker into a new phase of market conquest.

Fiat SpA Chief Executive Sergio Marchionne announced Thursday that he will give up his leadership of the company`s auto unit in 2007 and that his successor would come from within the company.

Fiat expects car sales at its Fiat brand to advance to 2.4 million units a year by 2010 from 1.5 million in 2006, it said on Thursday.

Italian industrial group Fiat raised the 2006 operating profit target for its Fiat Auto division to 275 million euros ($351.3 million) from 250 million euros on Thursday.

Italian industrial group Fiat laid out ambitious growth and profit targets for its core Fiat Auto business on Thursday, mapping out a plan to extend the division`s earnings rebound through 2010.