BoI Fazio says Fiat recovery needs new financiers


ROME, Oct 31 (Reuters) - Industrial group Fiat needs new financial backers to bring in fresh capital as it seeks to ride out a downturn at its car-making unit, the Bank of Italy Governor Antonio Fazio said on Thursday. "The relaunch of production, after taking a strategic breather, will need the input of new financiers, new capital," Fazio said in a written speech. Fazio said Fiat needed to pump up its investments to pull out of its current crisis of slow sales and high debt. "A big ...

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