UPDATE 1-Fiat to raise 1.8 billion euros, slash jobs

Newswire

(Adds details, background) TURIN, June 26 (Reuters) - Italy's Fiat announced plans on Thursday to raise 1.8 billion euros in fresh captial through a share issue and said it will cut 12,300 jobs as part of its last-ditch rescue plan. As expected, Fiat Chairman Umberto Agnelli told journalists the loss-making company's board had approved a plan for a 1.8 billion-euro capital increase to help fund the company's third restructuring plan in two years aimed at returing it to profit. Fiat ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Fiat to raise 1.8 billion euros, slash jobs" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×