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FCA has to strengthen investments in Italy to seek state-backed loan: Economy Minister

News, World | | | By Reuters Reuters

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FILE PHOTO: Italy’s Minister of Finance Roberto Gualtieri attends a one day Italo-Franco summit in Naples, Italy February 27, 2020. REUTERS/Ciro De Luca/File Photo

ROME (Reuters) – Italy’s Economy Minister Roberto Gualtieri on Monday said Fiat Chrysler [FCHA.MI] has to strengthen investments in Italy and avoid delocalizing its factories outside the national borders to apply for a state backed loan.

“We have asked for additional commitments to the already stringent commitments (set for such loans): all the planned investments must be confirmed and indeed strengthened… we have said no to delocalizations,” Gualtieri told a TV interview.

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