AUTOSHOW-UPDATE 2-Fiat Auto signals deeper cost cuts

Newswire

(Adds new quotes, analyst comment, updates shares) By Madeline Chambers PARIS, Sept 25 (Reuters) - Loss-making Italian carmaker Fiat signalled on Wednesday it was moving towards deeper cost reductions to deal with significant excess capacity. Fiat Auto Chief Executive Giancarlo Boschetti would not rule out further job cuts, saying the firm was struggling with excess capacity of 20 to 30 percent while working to maintain its product investment spending. "If you reduce capacity by 20 ...

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