Fiat Chrysler gains access to billions in cash

FCA NV closed on a deal with creditors to gain access to 2.5 billion euros ($2.8 billion)

The newly accessed to be used to help fund an aggressive business plan through 2018

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Why Fiat Chrysler Shares Dropped Over 35% on Monday Morning

Shares of the Italian American automaker were down over 35% on Monday morning

read more:  But there’s a good reason for the drop

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Jim Cramer Sells GM Stock, Thinks Automaker Should Consider Merger With ‘Sensational’ Marchionne

As for Cramer, he said he admires the management prowess of Sergio Marchionne.

read more: He argues that GM made a mistake by spurning recent overtures by Fiat to talk about a merger.

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Marchionne’s merger mania: Why now?

“Why now?” is the key question

read more: It’s not like circumstances have deteriorated significantly

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FIAT GROUP REPORTS FIRST QUARTER REVENUES UP

12% AT €22.1 BILLION AND TRADING PROFIT AT €0.6 BILLION, UP 6% ON A CONSTANT CURRENCY BASIS.

NET INDUSTRIAL DEBT CLOSED AT €10 BILLION,

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