Fiat gets nod for auto financing services in China

Newswire

SHANGHAI, Dec 20 (Reuters) - Fiat SpA said on Thursday its automotive financing arm has received regulatory approval to provide financing services in China. Fiat Automotive Finance Co, with an investment of 500 million yuan ($67.87 million), will provide financing services for imported and locally made Fiat vehicles sold in the country, the Italian automaker said in a statement. Major industry giants, such as General Motors Corp and Volkswagen AG , have been offering such services for ...

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