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18 mar 2020

FCA- EIB: EUR 300 million loan for R&D projects.

FCA- EIB: EUR 300 million loan for R&D projects.

 

Fiat Chrysler Automobiles N.V. (NYSE: FCAU) (“FCA”) has signed today, a € 300 million five-year loan with the European Investment Bank (“EIB”) to support specific investments to be implemented by FCA during 2019-2021.


FCA investments aim at supporting the manufacturing deployment of the most advanced vehicle powertrain electrification technologies and in particular the setup of production lines for the manufacturing of plug-in hybrid electric vehicles (PHEVs), at the FCA’s production plant in Melfi (Italy), and the manufacturing of battery electric vehicles (BEV), at the production plant in Mirafiori (Italy).

The loan consolidates EIB collaboration with FCA.

 

London, 18 March 2020

 

This press release contains forward-looking statements. These statements are based on the Group’s current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including: volatility and deterioration of capital and financial markets, including possibility of new Eurozone sovereign debt crisis, changes in commodity prices, changes in general economic conditions, economic growth and other changes in business conditions, weather, floods, earthquakes or other natural disasters, changes in government regulation, production difficulties, including capacity and supply constraints, and many other risks and uncertainties, most of which are outside of the Group’s control.

 

For further information:
tel.: +39 (011) 00 63088
Email: mediarelations@fcagroup.com
www.fcagroup.com

 

 

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