Italy approves guarantees for $7.1bln loan to Fiat Chrysler – source – ZAWYA

Italy approves guarantees for $7.1bln loan to Fiat Chrysler – source – ZAWYA

Italy approves guarantees for $7.1bln loan to Fiat Chrysler - source Italy approves guarantees for $7.1bln loan to Fiat Chrysler - source | ZAWYA MENA Edition HomeBusinessArticleItaly approves guarantees for $7.1bln loan to Fiat Chrysler - source The loan will be disbursed by Italy's biggest retail bank Intesa Sanpaolo    A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. ROME - Italy has approved a decree offering state guarantees for a 6.3-billion euro ($7.1 billion) loan to Fiat Chrysler's (FCA) Italian unit, a source said, paving the way for the largest crisis loan to a European carmaker.The source said Italy's audit court had signed off on the decree, in a final step of what had been a lengthy and contested process to get the loan approved. The court's approval follows an earlier endorsement by the economy ministry."The audit court authorized the decree," said a source close to the matter, asking not to be named because of its sensitivity.The source said Italy's audit court had signed off on the decree, in a final step of what had been a lengthy and contested process to get the loan approved. The court's