Senior executives at Fiat SpA met last week with officials from several of its lender banks to discuss ways to improve the company’s finances, especially at its ailing Fiat Auto SpA unit. The meeting also involved discussions on further divestiture of non-core assets, such as Fiat’s aviation division – Fiat Avio – and its Toro Assicurazioni insurance unit. The plan, rumored to include a €5 billion ($5.4 billion) financial injection by the banks, is expected to be voted on at ...
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