Fiat gets $592 mln gain on consumer finance deal

Newswire

MILAN, Dec 28 (Reuters) - Fiat SpA confirmed on Thursday it would get a capital gain of about 450 million euros ($592 million) from its deal with Credit Agricole to create a 50/50 joint venture in consumer financing. In a statement, the carmaker said its net industrial debt would be reduced by about 350 million euros through the deal and that there would be an overall cash-in of more than 3 billion euros. Fiat and the French bank agreed to the outline of the deal in July and said then ...

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