ANALYSIS-For 2009, Fiat needs a banker, not a partner

Newswire

By Gilles Castonguay MILAN, Jan 28 (Reuters) - Forget Fiat SpA's planned alliance with Chrysler LLC [CBS.UL] for the moment. If the Italian industrial group is going to pay off debt coming due this year, it will need a banker, not a partner. The Italian industrial group has 3.3 billion euros of maturing debt and it needs a new line of credit to pay for it. It had a line of 2 billion euros, but used that up last year to help out CNH , its U.S. tractor and combine unit. A new line of ...

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