Fiat Chysler’s Italian arm gets €6.3bn state-backed loan

Fiat Parking
By Mike Turner
26 Jun 2020

The Italian arm of Fiat Chrysler Automobiles has signed a €6.3bn credit facility with backing from a state agency, months after the embattled car maker signed a multi-billion euro bridging facility.

FCA Italy, a subsidiary of the Italo-American Fiat Chrysler Automobiles, and other Italian companies in the FCA Group have signed the three year facility from Intesa Sanpaolo.

Italy’s export credit agency Sace, which is overseen by the ministry of finance, will guarantee 80% of the facility. 

The proceeds will only ...

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