Fiat has no plan to spin off car business-chairman

Newswire

MILAN, June 22 (Reuters) - Fiat does not plan to spin off its automotive business, Chairman Luca di Montezemolo said on Wednesday. In comments to a group of reporters, later confirmed by a spokesman, Montezemolo said "No, no, no," when asked if the group would spin off the auto business. Fiat's share price has see-sawed ahead of an expected presentation of an updated industrial plan and amid various media reports that the group may restructure its auto business. Some newspapers have ...

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