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Letter "P" » Philippe Houchois Quotes
«Reiteration of a mid-term target of 6% group operating margin without a time frame undermines, in our view, management credibility, as it appears to rely on continued cost-cutting momentum and a reversal in the raw material and currency price moves of the past three to four years.»
«It is conventional but credible. There is no big announcement and that is why the stock's down.»
«Fiat is doing well, but the competition will intensify. It is still a story with an element of risk.»

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