Fiat SpA now says it plans to divest E3 billion ($2.65 billion) of non-core assets by the end of 2003. The new figure marks a 50% increase over original forecasts made in December, and signals the auto maker is serious about plans to focus on its core automotive operations. Fiat executives – including CEO Paolo Cantarella – presented the upgraded divestment plan to analysts in London this week. The plan calls for Fiat to divest E2 billion ($1.76 billion) of its Magneti Marelli components ...
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