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february 16, 2018 - FCA Corporate

Extension of FCA Bank partnership between Fiat Chrysler Automobiles and Crédit Agricole

FCA Italy S.p.A. ("FCA"), #creditagricole S.A. ("CASA") and #creditagricole Consumer Finance S.A. ("CACF") have reached an agreement for the extension of their 50/50 Joint Venture in #fcabank S.p.A. up to 31 December 2022.

 

The parties have agreed to extend the term of their alliance in respect of #fcabank S.p.A. to ensure the long-term sustainability of #fcabank S.p.A., the captive finance company that handles FCA's main financing activities in retail auto financing, dealership financing, long-term car rental and fleet management, combined with innovative insurance and mobility solutions, in the main European countries.

 

FCA Bank S.p.A. will continue to benefit from the financial support of the #creditagricole Group while continuing to strengthen its position as an active player in the capital markets.