Post Tagged with: "italian auto industry"

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Court ruling forces Fiat to reinstate 19 workers

Court ruling forces Fiat to reinstate 19 workers

Fiat announced on Tuesday it complied with a court ruling that ordered the carmaker to re-hire 19 workers at its Pomigliano d’Arco plant near Naples. On October 19, a Rome appeals court ruled that Fiat must reinstate 19 employees who are members of the FIOM/CGIL labour union and had filed […]

Fiat cuts sales, profit targets for 2013 and 2014

Fiat cuts sales, profit targets for 2013 and 2014

Fiat today announced it is slashing its sales, trading profit and volume targets for the next two years to include losses from its core European markets. The Italian carmaker cut by around a third its 2014 target for trading profit to 4.7 – 5.2 billion euros down from the initial […]

BMW reportedly interested in buying De Tomaso

BMW reportedly interested in buying De Tomaso

The Italian industry ministry has confirmed it holds talks with potential buyers of the De Tomaso sportscar brand, including BMW. The announcement was made by a trade union in a statement, which added that the ministry aims to open a sale process by mid-October. According to the UILM trade union, […]

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 […]