Fiat plans to invest as much as €9 billion on new models to end European losses in three years and revive nearly empty Italian factories, two people familiar with the matter said.
Tag Archives: Sergio Marchionne
Marchionne will unveil 4th relaunch plan for Alfa
The 4C coupe comes at a critical time for Alfa, whose global sales this year are set to fall below 100,000 units for the first time since the late 1960s.
Fiat could gain upper hand with Chrysler valued at $10 billion
Fiat is set to gain the upper hand in negotiations to buy a health-care trust’s holding in Chrysler Group if the final value for the U.S. carmaker remains around the level currently being discussed.
unions suggest Fiat may reveal new plans for Mirafiori factory
Fiat’s unions expect an update in the coming weeks from CEO Sergio Marchionne on long-delayed investments at its flagship Mirafiori factory in Turin.
Fiat plans to extend layoffs for 5,300 Mirafiori factory workers
Fiat plans to extend temporary layoffs at its main Mirafiori factory in Italy amid slumping car demand in Europe and a dispute with unions over labor contracts, three people familiar with the matter said.
