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Italy/US: Fiat struggles to benefit from Chrysler acquisition

By  |  February 17, 2014

Italian auto maker Fiat announced Monday that the company has limited access to Chrysler cash despite its $4.35 billion acquisition of the US manufacturer.

Reports say Fiat announced that a cap on Chrysler dividends as well as debt contracts have barred the firm, now known as Fiat Chrysler Automobiles, from accessing the cash it desires to invest in new European car models. Those planned investments were what attracted the Italian manufacturer to the third-largest US carmaker in the first place, say reports.

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