UPDATE 1-Plan to recapitalise Fiat Auto may emerge Thursday

Newswire

(Adds welfare minister, bank chief comment, Libya connection) By Paolo Biondi ROME, Oct 29 (Reuters) - A clearer picture should emerge of whether Fiat SpA plans to pump more cash into its crisis-hit carmaking arm following a board meeting on Thursday, a government source said, reiterating that the state would not buy a stake. Last week, Fiat confirmed that Fiat Auto's losses had already eaten away more than a third of its capital which, under Italian corporate law, requires a company ...

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