TURIN – Fiat SpA, parent of troubled Fiat Auto SpA, is trying to save itself financially by shedding more holdings in order to pay back a substantial bank loan. After recouping €2.4 billion ($2.6 billion) from the sales of its Toro insurance company, Fiat SpA is about to get another injection of cash estimated at €1.6 billion ($1.7 billion). The Italian holding company recently signed a memorandum of understanding with Carlyle, a private U.S. equity firm. Carlyle has agreed ...
Premium Content (PAID Subscription Required)
"Fiat Sheds More Holdings to Meet Bank Payback Deadline" 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.