Fiat reiterates no need for capital increase

Newswire

MILAN, Dec 20 (Reuters) - The CEO of Italian carmaker Fiat, which also controls Chrysler in the United States, reiterated on Thursday the company had no need for a capital increase. An Italian newspaper report earlier this month said the carmaker Fiat was sounding out UniCredit, Morgan Stanley, Bank of America and Goldman Sachs about the possibility of raising between 1 and 2 billion euros ($1.3-$2.6 billion). Fiat had already denied the report. Asked on ...

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