ROME (AP) -- Italian carmaker Fiat SpA has denied a report that it is considering raising euro2 billion ($2.58 billion) to fund a merger with France's PSA Peugeot-Citroen.
Italian daily La Repubblica reported without citing sources that the Agnelli family, Fiat's biggest shareholder, could vote for a capital increase to fund such a merger.
Fiat spokesman Simone Migliarino denied the story on Thursday.
Peugeot-Citroen spokesman Pierre-Olivier Salmon declined to comment.
Fiat earlier this week unveiled a plan to take a 35 percent stake in Chrysler in exchange for access to technology for more fuel-efficient cars.