Fidelity raises stake in Fiat to 4.61 pct-chairman

Newswire

TURIN, Italy, March 31 (Reuters) - FMR LLC, the parent company of Fidelity mutual funds, raised its stake in Italian car maker Fiat to 4.61 percent, the company's chairman, Luca Cordero di Montezemolo, told a shareholders' meeting. The fund's last recorded stake was 2.185 percent, according to the website of bourse regulator Consob. (Reporting by Gianni Montani, writing by Jo Winterbottom)

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