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.

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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. 

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