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Automotive company Stellantis applies for industrial loan company

Automotive company Stellantis has applied to form an industrial loan company in Utah.

The company, formed by the 2021 merger of Fiat Chrysler Automobiles and the PSA Group, submitted its application for Stellantis Bank USA on Feb. 11. The application wasn’t immediately available.

The filing comes just days after General Motors resubmitted its application to form an ILC.

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