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Fiat's double dip

20 December 2002 By Rob Cox

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Fiat's double dip

20 December 2002 By Rob Cox, Rob Cox, Rob Cox, Rob Cox

Fiat may meet debt reduction targets this year. But only through financial engineering. Moody’s rightly decided that was insufficient. Fiat may be shocked, but it can’t have expected better. Now its banks will likely step up asset sales.

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