Fiat Chrysler Automobiles has drawn down on a EUR6.25bn (US$6.79bn) credit line to cope with the coronavirus health crisis, a media report said.

The funds from the revolving credit facility, originally signed in June 2015, added to the EUR1.5bn Fiat Chrysler had drawn down from other credit lines, Reuters reported.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The news agency noted Ford had drawn down over $15bn from revolving credit lines and last week raised $8bn from corporate debt investors to boost cash.

General Motors had entered into a 364-day revolving credit agreement of $1.95bn which the company said would be exclusively used by its financial services business.

Earlier this month Fiat Chrysler said it had agreed to a new EUR3.5bn credit facility with two banks, which remains undrawn, Reuters added. 

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact