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Crédit Agricole, FCA Italy agree extension of JV in FCA Bank

Fiat Chrysler's FCA Italy SpA and Crédit Agricole SA and unit Crédit Agricole Consumer Finance SA agreed to extend their 50/50 joint venture in Italy-based FCA Bank SpA up to Dec. 31, 2022.

FCA Bank handles FCA Italy's main financing activities in retail auto financing, dealership financing, long-term car rental and fleet management, combined with insurance and mobility solutions, in Europe.