UPDATE 1-Fiat shares outperform after Chrysler plan
* Chrysler plan above consensus expectations
* Market underestimating Chrysler value to Fiat-broker
* Shares up 2.6 percent
(Adds broker comments, background, share price)
MILAN, Nov 5 (Reuters) - Shares in Italian carmaker Fiat SpA (FIA.MI) outperformed the auto sector on Thursday as a five-year plan for Chrysler was seen by analysts as aggressive and potentially risky but potentially value enhancing.
At 0955 GMT Fiat shares were up 2.6 percent at 11.07 euros, while the DJ Stoxx auto index .SXAP was 0.3 percent higher.
On Wednesday Chrysler, 20 percent owned by Fiat, offered an ambitious outlook, saying it would more than double sales, roll out a dozen new models built on Fiat platforms and pay back debt to U.S. taxpayers over the next five years. [ID:nN0421635]
Fiat Chief Executive Sergio Marchionne said Chrysler would break even on an operating basis in 2010 and on a net basis by 2011, adding it had built up cash since it emerged from a fast-track bankruptcy funded by the Obama administration. Continued...
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