Fiat Chrysler in talks for $6.8 bn loan to tide over coronavirus crisis

If approved by the lender, the request will be reviewed by Italy's export credit agency SACE

Fiat Chrysler Automobiles (FCA), an Italian-American multinational corporation, is in talks with Intesa Sanpaolo for a 6.3 billion euro ($6.8 billion) loan backed by Italian government to help the automaker weather the coronavirus-induced crisis, Reuters reported quoting the sources. 

This comes after Fiat Chrysler and Peugeot owner PSA said in a coordinated move that they would not pay their planned ordinary dividend on 2019 results due to the impact of the Covid-19 pandemic.

However, as part of the tie-up deal, FCA is also due to pay to its shareholders a special dividend of 5.5 billion euros just