The request for Italian state support on such a large loan has proved controversial, particularly as the Fiat Chrysler's corporate headquarters are in Amsterdam. MILAN: Italy's government said on Wednesday it would guarantee a 6.3-billion-euro loan to Fiat Chrysler, as the automaker struggles with the impact of the coronavirus pandemic.
The request for state support on such a large loan has proved controversial, particularly as the company's corporate headquarters are in Amsterdam. "This is an example of Italy coming together to safeguard a vital industrial ecosystem," said company official Pietro Gorlier.He added that the loan was essential to help the whole industry kickstart Italy's economy following a punishing lockdown and wider crisis triggered by the pandemic.
Source: Loan Digest (loandigest.net)
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