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Fiat may close Second Italian plant

Fiat may close Second Italian plant

Fiat SpA (F) Chief Executive Officer Sergio Marchionne said he may close a second Italian factory as European auto deliveries sink for the fifth-straight year. This comes after Italian new car sales fell 24.4 percent in June from the same month a year ago to 128,388 vehicles, Italy’s Transport Ministry […]

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Fiat in danger to close two factories in Italy

Fiat in danger to close two factories in Italy

Fiat, Italy’s largest carmaker is in danger to close two of its five plants in Italy if plans to export to the United States market don’t materialize, CEO Sergio Marchionne said in an interview on Friday, Reuters reports. “The demand for cars in Europe is destined to remain low for […]

Fiat denies CEO said group could leave Italy

Fiat denies CEO said group could leave Italy

Fiat issued a statement on Thursday denying that its CEO Sergio Marchionne had said in a radio interview that the group could leave Italy. Italy’s Radio 24 corrected a transcript of what the station previously said was an interview with Marchionne, removing a reference were Marchionne was quoted as saying […]