Fiat studying AvtoVaz investment - CEO

Newswire

ALTAVILLA VICENTINA, Italy, Nov 30 (Reuters) - Fiat is considering investing in Russia's biggest car maker AvtoVaz but is aware it would require more than just financial commitment, the Italian auto company's CEO said on Friday. "This is a company that needs bringing back to health, so what would be needed from Fiat should not to be underestimated and goes beyond the investment it would need," Sergio Marchionne said on the sidelines of an event. He added that such a deal would "open up ...

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