UPDATE 3-Fiat cuts jobs, costs, but recovery still in doubt


(Wraps earliers, adds more comment) By Jane Barrett TURIN, June 26 (Reuters) - Italy's Fiat is betting that factory closures, job cuts and a capital increase will save it from its worst-ever crisis, but analysts doubted the revival plan unveiled on Thursday could turn around the sputtering carmaker. Under the long-awaited plan, the industrial group will sell 1.84 billion euros ($2.10 billion) of new shares in July, just 18 months after its last capital increase of one billion euros, ...

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