Fiat Chrysler shares extend losses after CEO's consolidation plea
MILAN, April 30 (Reuters) - Milan-listed shares in Fiat Chrysler Automobiles extended losses from the previous session, opening down more than 2 percent, after Chief Executive Sergio Marchionne made another call for largescale consolidation in the car industry.
Marchionne on Wednesday made a plea for shrinking the number of players in the global auto sector to sustain the heavy capital investments needed to meet demands for cleaner, safer vehicles.
The stock fell nearly 5 percent on Wednesday. (Reporting by Agnieszka Flak)
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