Biography of Fiat to raise 50 billion euros for debt repayment
Super cars news wire services reported that according to the combined three Insider recently disclosed, Italy's largest automobile manufacturer Fiat (Fiat SpA) in its agricultural, truck and tractor business separation with car business, want to raise 50 billion euros ($ 63 billion).
The informed that Fiat this desire raised funds of EUR 20 million will be used to repay under CNH agricultural equipment company Global NV's internal debt, as well as for Fiat future five-year development plan.
The Insider also disclosed that Fiat CEO Malchow in hope that the Board of Directors approved the beginning of July the financing plan.
As a result of the financing plan is in the discussion stage, the informed refused to disclose the specific name.
In response to the rumors, Fiat press spokesman refused to publish any comments.
In April, Fiat announced in the next five-year development plan, including its subsidiary of CNH agricultural equipment company NV and dynamic Global Fiat (Fiat Powertrain) operation of industrial and marine business unit split out, founded a company named "Fiat industrial" (Industrial Fiat SpA) of the new company; Fiat Auto (Fiat Auto) and others including engine, automobile components business unit will be retained.