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Automakers

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)
R
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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