Fiat Chrysler in talks for $6.8 bn loan to tide over coronavirus crisis

Topics Coronavirus | PSA Peugeot | Lockdown


Fiat Chrysler Automobiles (FCA), an Italian-American multinational corporation, is in talks with Intesa Sanpaolo for a 6.3 billion euro ($6.

8 billion) loan backed by Italian government to help the automaker weather the coronavirus-induced crisis, Reuters reported quoting the sources.  This comes after Fiat Chrysler and Peugeot owner PSA said in a coordinated move that they would not pay their planned ordinary dividend on 2019 results due to the impact of the Covid-19 pandemic. However, as part of the tie-up deal, FCA is also.....

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