Fiat Chrysler secures new $3.8 billion credit line with 2 banks

Fiat Chrysler secures new $3.8 billion credit line with 2 banks

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Fiat Chrysler said the new credit, negotiated at a time when carmakers are idling plants, losing revenue and raising cash as demand slumps in the wake of the coronavirus, will be used for general corporate purposes and working capital.

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