Fiat Chrysler closing in on $7 bln loan deal

Fiat Chrysler is closing in on a 7 billion dollar state loan.Reuters sources say Rome could soon announce an agreement.If confirmed it would be the largest crisis loan for a European carmaker.French rival Renault has already tapped its government for about 5.7 billion dollars.Now FCA’s Italian division aims to use the country’s emergency financing schemes for a three-year loan.It would be arranged

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