UPDATE 2-Fiat to slash jobs, raise capital in recovery bid

Newswire

(Adds details, background, analyst comment, bond) By Jane Barrett TURIN, June 26 (Reuters) - Italy's Fiat announced plans on Thursday to slash thousands more jobs and raise 1.8 billion euros in fresh capital through a share issue in the latest blueprint aimed at returning it to solid profits in 2006. Fiat Chairman Umberto Agnelli told journalists the company's board had approved the capital increase to help fund the company's third restructuring plan in two years which would be ...

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