UPDATE 1-Fiat says revised plan likely to show cash needs

Newswire

(Adds new quotes, market reaction, background) TURIN, April 22, (Reuters) - Fiat's revised industrial plan will probably show that the Italian automaker needs additional cash, its chairman said on Tuesday. Recent asset sales had raised hopes that the carmaker would not have to resort to a capital increase to fund its cash-burning car operations, undergoing their worst-ever crisis, but Umberto Agnelli indicated that additional money was needed. "We will be ready toward the end of June," ...

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