Auto industry big part of Italy GDP, fair to back FCA for job creation - minister
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MILAN (Reuters) - The auto industry represents a significant share of Italy's economy and it is right to support those who create jobs, Deputy Economy Minister Laura Castelli said when asked about Fiat Chrysler's request for state-backed loans. The Italian-American group (FCA) said last week its Italian unit was seeking state guarantees on a 6.3 billion euro ($6.88 billion) loan facility designed to help Italy's automotive industry weather the coronavirus crisis.Under Italian law, companies can..