Fiat Said to Target $2 Billion Loan After Chrysler Stake Buy

Fiat SpA will seek to expand a credit line to as much as 1.5 billion euros ($2.14 billion) after raising its stake in Chrysler Group LLC, three people familiar with the matter said.

Fiat will start negotiations with banks after completing the purchase of an additional 16 percent of Chrysler for $1.27 billion, said the people, who declined to be named because the talks are private.