Fiat CEO ready to pay rest of Auto recap if needed

Newswire

MILAN, Oct 31 (Reuters) - Italian industrial group Fiat is ready to pump another one billion euros into a Fiat Auto recapitalisation if needed, Fiat Chief Executive Giuseppe Morchio said on Friday. In April, Fiat approved a five billion euro recapitalisation of Fiat Auto and immediately put in three billion euros by cancelling loans to other units of the tractor-to-robotics group. That left two billion euros that can be pumped into the loss-making car unit -- one billion euros due to ...

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