SANTA CLARA, Calif.

— Auto insurance giant FCA said it has received a $7 billion federal loan to help it expand its auto pricing services.

The company said the loan, which is part of a $10 billion stimulus package, will provide financial support for more than 400 jobs, as well as an additional $2 billion in infrastructure projects and support for research and development and product development.FCA will now have the authority to operate a second headquarters and to invest in expanding its operations in the U.S. and other countries.