UPDATE 4-Fiat sees cars nudging to breakeven, forgives debts

Newswire

(Releads, adds conference call) By Jane Barrett MILAN, Oct 31 (Reuters) - Italy's Fiat said on Thursday it would boost its struggling car unit's capital by up to 2.5 billion euros by cancelling internal loans but reiterated that Fiat Auto should break even in the fourth quarter. Reporting worse-than-expected third-quarter losses, Fiat said the much-anticipated recapitalisation would not have any impact on its group debt levels, which the Italian industrial giant has promised creditor ...

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