MILAN -- Credit rating agency S&P says it has raised Fiat Chrysler Automobile's long-term debt rating to 'BBB-' following shareholder approval of the merger with rival PSA Group.
MILAN -- Credit rating agency S&P says it has raised Fiat Chrysler Automobile's long-term debt rating to 'BBB-' following shareholder approval of the merger with rival PSA Group.
Despite discounts by automakers such as Ford and Stellantis, the average new-vehicle price rose 2.5 percent in April, and more increases are expected.