UPDATE 1-Fiat family approves capital hike after Toro sale

Newswire

(Adds reaction from S&P in para 9, no comment in para 17) By Christian Plumb MILAN, March 24 (Reuters) - Fiat's founding family on Monday approved a 250 million euro ($265.8 million) capital investment in the industrial group as the latest in a series of measures to pump cash into its money-losing auto business. The capital hike by the Agnelli family holding company, Giovanni Agnelli & C., is part of Fiat's broader efforts to raise money to fund a turnaround at Europe's ...

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