MILAN (Reuters) - Italy's Fiat is in talks for as much as $10 billion in financing from a pool of banks to buy the stake in Chrysler it doesn't already personal and refinance the 2 automakers' debt,
Bloomberg reported on Thursday.
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your new car. Expressing reservations over marketing strategy, Warburton noted that Fiat "is weighed down with big debt, burdened by financing prices and is simply thinly worthwhile."
Fiat SpA Chief Govt Officer Sergio Marchionne, who runs both Fiat and Chrysler Group LLC, plans to mix the 2 producers to forge a world automaking group to problem Normal Motors Co. and Volkswagen
AG. Shut Fiat SpA Chief Government Officer Sergio Marchionne, who runs both Fiat and Chrysler Group LLC, plans to combine the 2 producers to forge a global automaking group to challenge Basic Motors
Co. and Volkswagen AG. One choice being explored is to create a brand new company in the U.S., merge Fiat and Chrysler into it and concern shares in the combined entity, one of many folks said.
Present Fiat house owners would change their shares for a stake within the new company, the particular person stated. Fiat already owns 58.5 % of the U.S. carmaker.
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