Fiat says to pump 2.5 bln euros into auto unit

Newswire

MILAN, Oct 31 (Reuters) - Italian industrial group Fiat said on Thursday it will pump 2.5 billion euros ($2.5 billion) in cash into Fiat Auto because its crisis-struck auto unit has used up much of its existing share capital. Fiat did not say whether industrial ally General Motors Corp , which owns 20 percent of Fiat Auto, would contribute. GM Europe declined to comment. Fiat said the recapitalisation would be financed by funds from within the group and that the operation would not ...

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