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5/22, 9:35 PM (Source: TeleTrader)
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Italian government, Fiat can agree on a loan - minister

Italian Minister of Economy Roberto Gualtieri stated on Friday he was positive the government and Fiat Chrysler Automobiles could reach an agreement for a state-backed loan.

"This guarantee is remunerated and so the state makes a profit and so if the operation is finalized, which I presume it will be, I hope, the state would earn 150 million euros," Gualtieri said.

A few days ago Deputy Minister of Economy Laura Castelli stressed Fiat's importance for Italian automobile industry, which "provides jobs" and henceforth "needs support."

Breaking the News / JR