World News

Daimler in talks for 10 billion euro credit line: Bloomberg

FRANKFURT (Reuters) – Daimler <DAIGn.DE> 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, Bloomberg reported on Thursday.

Bloomberg, citing unnamed people familiar with the matter, reported that 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.

(Reporting by Edward Taylor. Writing by Tom Sims. Editing by Jane Merriman)