Fiat's new capex plan does not provide for Chrysler buyout-CEO

Newswire

MILAN, Oct 30 (Reuters) - Italian carmaker Fiat Chief Executive Sergio Marchionne said on Tuesday it will increase capital expenditures in 2013 and 2014, and the new spending does not provide for any outlay to buy up the 41.5 percent it does not own in Chrysler. Fiat has a total of about 20 billion euros ($25.96 billion)in cash in the group, it said earlier on Tuesday. It has said it intends to own all of Chrysler. The company will be able to self-finance the ...

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