Italy reportedly guarantees $7.1 billion loan to Fiat Chrysler
 

Filed under: Earnings/Financials,Chrysler,Fiat,Peugeot

https://o.aolcdn.com/images/dims3/GL...MOTIVE.jpg.jpg Italy has approved a decree offering state guarantees for a 6.3-billion euro (£5.7 billion) loan to Fiat Chrysler's (FCA) Italian unit, a source said, paving the way for the largest crisis loan to a European carmaker. The source said Italy's audit court had signed off on the decree, in a final step of what had been a lengthy and contested process to get the loan approved. FCA's Italian division has tapped Rome's COVID-19 emergency financing schemes to secure a state-backed, three-yeaContinue reading Italy reportedly guarantees $7.1 billion loan to Fiat Chrysler

Italy reportedly guarantees $7.1 billion loan to Fiat Chrysler originally appeared on Autoblog on Wed, 24 Jun 2020 08:32:00 EDT. Please see our terms for use of feeds.



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