Daimler Negotiates $11.03b Credit Line

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Daimler is in talks with lenders for a credit facility of at least 10 billion euros ($11.03 billion) to help the car company cope with the coronavirus outbreak.

 According to Bloomberg, an announcement on the final amount could come as early as next week.

Daimler, which like other carmakers has suspended swathes of production to prevent the virus’ spread, declined to comment.

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