UPDATE 3-Fiat to cancel auto loans as loss exceeds forecasts


(Adds further Fiat, GM, analyst comments, bond reaction) By Jane Barrett MILAN, Oct 31 (Reuters) - Italy's struggling Fiat group said on Thursday it would boost its auto unit's capital by up to 2.5 billion euros by cancelling internal loans as it posted a third quarter operating loss more than double analysts' estimates. "The group's loans toward the auto unit will be cancelled," a Fiat source told Reuters after the company said the much-anticipated recapitalisation would not have any ...

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