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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