NOVEMBER 1, 2002
Fiat finds $2.5bn for Fiat Auto
The Fiat group has announced that it will pour another $2.5bn into the troubled car company Fiat Auto. It is not clear where the money has come from except that Fiat says that the money comes from within the group and that it will not increase the company's debts.
While this is good for the credit rating of Ferrari's parent company, it might not be such good news for Ferrari as Fiat has had a habit in recent years of pouring large sums of money into the Ferrari F1 programme and it might be more difficult to find the same kind of money if $2.5bn is missing from the coffers.
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