Italy approves guarantees for $7.1 bln loan to Fiat Chrysler

ROME — Italy has approved a decree offering state guarantees for a 6.3-billion euro ($7.1 billion) loan to Fiat Chrysler’s (FCA) Italian unit, the Treasury said on Wednesday, paving the way for the largest crisis loan to a European carmaker. The formal announcement follows an endorsement by the country’s audit...