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Article updated: 11/20/2012 6:35 AM

Fiat tumbles on EU cash concerns

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Fiat SpA tumbled on investors' concerns that the Italian carmaker will need to raise fresh cash to finance Chief Executive Officer Sergio Marchionne's plans to combine with Chrysler Group LLC. Fiat may need to raise between 1.6 billion euros and 2.9 billion euros to finance the purchase of the remaining shares in Chrysler

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Fiat SpA tumbled on investors' concerns that the Italian carmaker will need to raise fresh cash to finance Chief Executive Officer Sergio Marchionne's plans to combine with Chrysler Group LLC. Fiat may need to raise between 1.6 billion euros and 2.9 billion euros to finance the purchase of the remaining shares in Chrysler
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