ITALY: Speculation of state intervention to rescue Fiat Auto prompts denials
Fiat has issued a statement denying 'fanciful' press reports following a meeting between Fiat's management and Italian government representatives - including the Prime Minister Silvio Berlusconi - held on October 13. The statement said that the tone and atmosphere of the discussions were not as reported in certain circles and that they were characterised by a mutual desire to resolve the difficult problems faced by Fiat Auto as expeditiously as possible.
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