UPDATE 1-Fiat CEO cautious on Europe outlook

Newswire

MILAN, July 31 (Reuters) - Italian carmaker Fiat SpA's chief executive said Tuesday he expects Europe's car crisis to drag on throughout 2012, forcing the company to hold off on investments and keep coffers full. CEO Sergio Marchionne told analysts on a conference call that he planned to maintain an "abnormally high level" of liquidity for the "foreseeable future." Fiat said earlier on Tuesday it had cash and marketable securities of 10.2 ...

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