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In italy it attracts billions of Fiat to be allowed to keep it

The ministry of Finance announced an emergency package of 6.3 billion euros for the Italian branch of the car maker, Fiat and Chrysler will be approved. It is t

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In italy it attracts billions of Fiat to be allowed to keep it

The ministry of Finance announced an emergency package of 6.3 billion euros for the Italian branch of the car maker, Fiat and Chrysler will be approved. It is the largest loan for a European car manufacturer in the coronacrisis.

the state wants to be in Rome, "the supply chain for the automotive industry in Italy is to preserve and enhance", and ordered the minister of Economic Affairs Roberto Gualtieri know about it. It is the intention that the money for the benefit of the Italian car industry on the whole.

The intervention has been in Italy, is controversial, since Fiat-Chrysler is more international, that operates in Italy. The ultimate holding company of the company is in the Netherlands, and the FCA is working towards a merger with its French rival, PSA.

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