Fiat Chrysler sticks by terms of PSA deal after report of dividend cut

MILAN — Fiat Chrysler Cars reported the conditions of its merger with PSA Team experienced not changed following a newspaper described that it was looking to spin off assets to lower a planned 5.5 billion euro ($6.2 billion) funds fork out-out to its shareholders.

Italian business enterprise newspaper Il Sole 24 Ore reported that FCA could preserve funds by decreasing the exclusive dividend, maybe by handing shareholders assets as compensation.

Talks ended up at a quite early stage and no decision experienced been taken, the paper reported, introducing the that goal was to hold the 5.5 billion euro value of

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Fiat Centro Stile sells design sketches to support kids in Italy

Fiat’s Centro Stile design studio in Europe has kicked off a task known as Start off Once more to assistance the international charity Help you save the Young children. The studio place 136 significant-resolution sketches of Abarth, Alfa Romeo, Fiat, Fiat Expert, Jeep, and Lancia vehicles for obtain online at just €20 a pop — about $22. The proceeds from all product sales will be donated to a charity launched in England one zero one decades ago “to make improvements to the life of little ones through improved schooling, wellbeing care, and financial opportunities, as perfectly as supplying unexpected emergency

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Fiat Chrysler seeks $6.8 billion state-backed loan in Italy

MILAN — Italian Prime Minister Giuseppe Conte explained on Saturday that Fiat Chrysler was entitled to utilize for Italy’s point out-backed loans because the automaker employs countless numbers of individuals in the state, even even though its lawful base is situated abroad.

The Italian-American group confirmed on Saturday its Italian device was working with Rome to attain point out ensures on a 6.3-billion-euro ($6.8 billion) financial loan facility made to enable Italy’s automotive marketplace, comprised of around ten,000 tiny and medium-dimensions companies.

The coronavirus outbreak, which has hit Italy specifically hard, slammed the brakes on desire for new vehicles and

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2020 FIAT 500X Review, Ratings, Specs, Prices, and Photos

The 2020 Fiat 500X is a trendy option to mainstream versions but can be cramped inside of.

The 2020 Fiat 500X is an Italian American crossover SUV styled following the discontinued Fiat 500 minicar but developed in Italy with the Jeep Renegade subcompact crossover. We give it 5.six out of ten overall for its character and relative rarity, but other characteristics are just regular. (Read through far more about how we rate autos.)

The sweet, rounded styling of the 500 metropolis vehicle handles the rugged treatment method perfectly on the 500X, properly balancing bubbly and burly. A black

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Fiat Chrysler halts output at most European plants

MILAN — Fiat Chrysler is halting manufacturing through March 27 at the greater part of its plants in Europe pursuing the coronavirus disaster which is disrupting the financial system.

FCA said manufacturing for its Fiat and Maserati models would prevent in the subsequent two months at the Italian plants of Melfi, Pomigliano, Cassino, Mirafiori, Grugliasco and Modena.

FCA’s factories in Kragujevac, Serbia, and Tychy, Poland, will also close, the automaker said.

“The short term suspension allows the group to proficiently reply to the interruption in sector desire by ensuring the optimization of offer,” FCA said in a statement.

The

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