UPDATE 1-Sanpaolo agrees Fiat capital hike, rest on hold-source

Newswire

(Adds background) TURIN, June 25 (Reuters) - Sanpaolo IMI , one of Fiat's oldest banking allies, will help underwrite a planned capital increase at the struggling Italian carmaker but has not yet blessed other Fiat plans, a financial source said on Wednesday. Fiat is due to announce a new restructuring plan on Thursday aimed at ending deep losses and is widely expected to set a share issue to raise about two billion euros backed by its creditor banks. Sanpaolo, which like Fiat is based ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Sanpaolo agrees Fiat capital hike, rest on hold-source" 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.

Sponsored Introduction Continue on to (or wait seconds) ×