Italy approves guarantees for €6.3 billion loan to Fiat Chrysler

ROME (Reuters) - Italy has approved a decree offering state guarantees for a 6.3-billion euro (£5.7 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 court and brings to an end a lengthy approval procedure for the loan, which has drawn criticism in Italy.By providing state support, Rome "aims to preserve and strengthen the..