Stellantis pays back in advance $7B Italy state-backed loan

Production of the Fiat New 500 electric car using robots at the automaker's Mirafiori plant in Italy. — The loan supported the restart of industrial production after the first COVID-19 outbreak in 2020 at Italian factories including Mirafiori, shown. (Massimo Pinca/REUTERS)

By:

Reuters

January 28, 2022 04:03 PM

MILAN -- Stellantis said its unit FCA Italy and other Italian subsidiaries had repaid a 6.3 billion euro ($7 billion) loan to Italy's top lender Intesa Sanpaolo.

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