Fiat CEO says size of cap hike depends on new plan

Newswire

MILAN, April 29 (Reuters) - The size of an expected capital increase at Italian carmaker Fiat will depend on the needs of a new turnaround plan being worked out at the moment, Fiat's new chief executive was quoted as saying on Tuesday. In an interview with financial daily Il Sole 24 Ore, Giuseppe Morchio said Fiat's new industrial plan was based on improving the quality of its products, a more competitive cost structure and being at the cutting edge of innovation. "We need to define the ...

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