UPDATE 2-Fiat makes record loss, recap shows split with GM

Newswire

(Releads with GM, adds quotes, details) By Jane Barrett MILAN, Feb 28 (Reuters) - Fiat posted a record loss on Friday and unveiled plans to shore up its carmaker's finances with 5 billion euros, but questions immediately arose as to what part, if any, General Motors would play. Fiat's net loss gaped to 4.26 billion euros in 2002 as Fiat booked more than 3 billion euros of one-offs to round off the industrial group's worst-ever year and clear the decks for new management who took over ...

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