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Old 05-17-2020, 08:20 AM   #1
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Default Fiat Chrysler seeks $6.8 billion state-backed loan in Italy

Filed under: Earnings/Financials,Government/Legal,Chrysler,Fiat
Italian Prime Minister Giuseppe Conte said on Saturday that Fiat Chrysler was entitled to apply for Italy's state-backed loans because the automaker employs thousands of people in the country, even though its legal base is located abroad. The Italian-American group confirmed on Saturday its Italian unit was working with Rome to obtain state guarantees on a 6.3-billion-euro ($6.8 billion) loan facility designed to help Italy's automotive industry, comprised of approximately 10,000 small and mediContinue reading Fiat Chrysler seeks $6.8 billion state-backed loan in Italy
Fiat Chrysler seeks $6.8 billion state-backed loan in Italy originally appeared on Autoblog on Sun, 17 May 2020 11:00:00 EDT. Please see our terms for use of feeds.


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