Italy confident that government, Fiat can complete state-backed loan

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Italy’s Economy Minister Roberto Gualtieri stated on Friday he was confident the government and Fiat Chrysler Automobiles (FCA) would be able to finish a deal over a state-backed loan for the automaker. Fiat Chrysler’s Italian division is collaborating with the government and lender Intesa Sanpaolo to grab 80% state guarantees on a 6.3 billion euro […]

Ferrari and Fiat to help Italy make ventilators in coronavirus crisis

Coronavirus

Italian automakers Ferrari and Fiat Chrysler are in discussion with the nation’s biggest ventilator manufacturer to help increase production of the life-saving machines that are urgently required in the coronavirus crisis, company officials stated on Thursday. Italy is at the epicenter of the pandemic and its government has started a big expansion of the number […]