Inactive Instrument

Fiat SpA Borsa Italiana

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FIA

IT0001976403

Fiat : EU says Luxembourg tax agreement with Fiat may be state aid

September 30, 2014 at 07:07 am EDT

BRUSSELS (Reuters) - The European Commission has told Luxembourg its preliminary view is that its tax arrangement with a subsidiary of Fiat constitutes state aid, the Commission said on Tuesday.

In a document published on its website outlining its probe into Fiat Finance and Trade Ltd's tax arrangements in Luxembourg, the Commission said it had doubts about the compatibility of the agreement with the EU's internal market.

Fiat, the Italian carmaker, declined comment.

(Reporting by Adrian Croft; Editing by Alastair Macdonald)

Latest news about Fiat SpA

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Company Profile

Stellantis N.V., formerly Fiat Chrysler Automobiles N.V., is an automaker and a mobility provider. The Company is engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. The Company has operations in more than 40 countries and sells its vehicles directly or through distributors and dealers in more than 130 countries. It designs, engineers, manufactures, distributes and sells vehicles for the mass-market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. In addition, the Company designs, engineers, manufactures, distributes and sells luxury vehicles under the Maserati brand. The Company's brand portfolio also includes Peugeot, Citroen, DS Automobiles, Opel and Vauxhall.

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08:00am - Annual General Meeting

Related indices

CAC 40 , EURO STOXX 50 , STOXX EUROPE 600 (EUR) , FTSE MIB INDEX

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