Fiatsigns 3 bln euro convertible loan


MILAN, July 27 (Reuters) - Automaker Fiat said late Friday that it had reached final agreement on a 3.0 billion euro mandatory convertible loan with a group of mostly Italian banks, clearing the way for a cash infusion for the struggling group. The loan package will give the heavily indebted group some breathing room as it seeks to raise cash by selling assets and turn around its loss making car unit. But it also ups pressure on Fiat's management, which would have to surrender a big chunk ...

Premium Content (PAID Subscription Required)

"Fiatsigns 3 bln euro convertible loan" 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!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Jan 18, 2018

2018 Wards 10 Best Engines Editorial Roundtable Part 2

WardsAuto editors discuss some of the 22 nominees that did not make the cut in this year's Wards 10 Best Engines competition....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×