Italy audit court OKs state guarantees for $7.1 billion bank loan for Fiat Chrysler: source

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The court’s decision is the final step in what has been a lengthy and contested process for the loan.

The request for state support sparked controversy In Italy, as Fiat Chrysler (FCA) is registered in the Netherlands.

FCA has said it had asked for the loan to help its operations in Italy to weather the crisis triggered by the coronavirus emergency.

“The audit court authorized the decree,” said a source close to the matter asking not to be named because of the sensitivity of the matter.

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