CNH Under Pressure to Pay Back Loans Owed to Fiat

Strapped with $6.43 billion of debt that will come due this year, Italian automaker Fiat is putting pressure on its agricultural equipment unit, CNH Global, to repay a $5.2 billion loan it took from its parent company last year. CNH took the loan from Fiat because of declining business volumes for its products when the U.S. economy slumped.

“We hope that within the next 12 months the cash that Fiat loaned CNH will come back…

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