Fiat shares down more than 6 pct at nearly 2-yr low

Newswire

MILAN, June 24 (Reuters) - Shares in Italian automaker Fiat fell more than 6 percent on Tuesday, underperforming a weak European auto sector. Speculation on the stock came as the whole sector was lower on concern of a strong euro and weak U.S. demand, traders said. By 0917 GMT shares in Fiat lost 6.12 percent at 10.86 euro, after hitting a new low in nearly two years at 10.84 euros. The DJ Stoxx index of European automakers lost lost 2.98 percent. "Nobody wants to buy. Speculation is ...

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