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06-24-2020, 07:11 AM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Chrysler (https://www.autoblog.com/chrysler),Fiat (https://www.autoblog.com/fiat),Peugeot (https://www.autoblog.com/category/peugeot/)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://s.aolcdn.com/os/ab/_cms/2020/06/24083208/2020-06-24T101701Z_1_LYNXMPEG5N14Y_RTROPTP_4_HEALTH-CORONAVIRUS-ITALY-AUTOMOTIVE.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 (https://www.autoblog.com/2020/06/24/fiat-chysler-loan-italy-to-guarantee/)
Italy reportedly guarantees $7.1 billion loan to Fiat Chrysler (https://www.autoblog.com/2020/06/24/fiat-chysler-loan-italy-to-guarantee/) originally appeared on Autoblog (https://www.autoblog.com) on Wed, 24 Jun 2020 08:32:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
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https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://s.aolcdn.com/os/ab/_cms/2020/06/24083208/2020-06-24T101701Z_1_LYNXMPEG5N14Y_RTROPTP_4_HEALTH-CORONAVIRUS-ITALY-AUTOMOTIVE.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 (https://www.autoblog.com/2020/06/24/fiat-chysler-loan-italy-to-guarantee/)
Italy reportedly guarantees $7.1 billion loan to Fiat Chrysler (https://www.autoblog.com/2020/06/24/fiat-chysler-loan-italy-to-guarantee/) originally appeared on Autoblog (https://www.autoblog.com) on Wed, 24 Jun 2020 08:32:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/06/24/fiat-chysler-loan-italy-to-guarantee/) | Email this (https://www.autoblog.com/forward/2244253/) | Comments (https://www.autoblog.com/2020/06/24/fiat-chysler-loan-italy-to-guarantee/#comments)
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