Report – Fiat will invest massive amount to produce the Maserati SUV at its Turin factory image

We all know for a while now that Maserati plans to introduce a SUV – the Kubang – to fight the offensive of the premium and future luxury offerings in the segment. Now, Fiat told union leaders on Wednesday that it would invest just under 1 billion euros by the end of next year to begin its production at its Turin Mirafiori factory.

“We reached an accord with Fiat, which decided to free up investments in the Mirafiori factory where the Maserati SUV will be produced,” Luigi Angeletti, leader of the UIL union, told reporters after the meeting.

Fiat’s CEO Sergio Marchionne confirmed that it would make promised investments in Italian factories, according to minutes from a Rome meeting with union leaders. The company also confirmed it would create a single luxury-car unit combining its Mirafiori and Grugliasco plants.

Via Reuters