SACE and EIB combine for €600 million loan for Fiat

Region:

Europe

Jonathan Bell

The European Investment Bank (EIB) and the Italian export credit agency SACE have combined to provide a €600 million ($669 million) loan to auto manufacturer Fiat Chrysler Automobiles (FCA) in Italy. The loan is earmarked to support the automotive group's research, development and production plans for 2015-17.

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