CW Detroit

Fiat Chrysler Secures $7B In Loans From Italian Government

/ CW50 Detroit

(CBS DETROIT) - Fiat Chrysler will receive $7 billion in loans from the Italian government.

Italy signed off on the loans to help part of its auto industry.

Fiat Chrysler is currently Italy's biggest auto-seller.

The deal is expected to help the auto maker stay afloat during the pandemic.

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First published on June 25, 2020 / 10:45 PM EDT

© 2020 CBS Broadcasting Inc. All Rights Reserved.

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