TURIN – Fiat SpA, parent of troubled Fiat Auto SpA, is trying to save itself financially by shedding more holdings in order to pay back a substantial bank loan. After recouping €2.4 billion ($2.6 billion) from the sales of its Toro insurance company, Fiat SpA is about to get another injection of cash estimated at €1.6 billion ($1.7 billion). The Italian holding company recently signed a memorandum of understanding with Carlyle, a private U.S. equity firm. Carlyle has agreed ...
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