MILAN, Dec 19 (Reuters) - Italian automaker Fiat said on Thursday it had reached an agreement in principal with its main creditor banks on the sale of a majority stake in its consumer finance unit Fidis. A Fiat spokesman said the long-awaited deal, which will help the crisis-hit group slash its debt pile, had been reached with banks Capitalia , IntesaBCI , Sanpaolo IMI and UniCredito , adding that full details of the accord would be provided early in 2003. A financial source added that ...
Premium Content (PAID Subscription Required)
"Fiat, banks agree in principal on Fidis sale-source" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.