ITALY: Top bank official recommends new financiers and capital injection for struggling Fiat - report
The Fiat group requires new financial backers to bring in fresh capital as it tries to ride out a downturn at its car-making unit Fiat Auto, Bank of Italy governor Antonio Fazio said today (Thursday), according to a Reuters report. In a written speech, Fazio said: "The relaunch of production, after taking a strategic breather, will need the input of new financiers, new capital," Reuters reported.
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