Italian entrepreneur Roberto Colaninno on Thursday proposed two plans for Fiat SpA that include him and his partners investing 2.5 billion euros out of a total of as much as 10 billion euros, Italian dailies reported Friday, according to Dow Jones.
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The report said that Colaninno’s proposals – one that appeals to Fiat’s desire to spin off assets, another that keeps the assets together – call for a 2.5 billion euro investment into Fiat Auto from industrial partner General Motors and the market. The remaining 5 billion euros would be injected from the parent group’s non-core asset disposals and/or from a spinoff.
Fiat Auto’s net debt would then stand at zero and the car maker would launch seven to eight new models over the next three to four years, Dow Jones said, citing the dailies.
