Fiat Chrysler Automobiles to invest $773 million to upgrade Polish site

Article by Christian A., on May 22, 2014

Fiat Chrysler Automobiles is planning a PLN2.36-billion ($773 million) investment to upgrade its Tychy plant in Poland where it intends to commence building a new Fiat model, the Polish government said in an official statement. The investment should be made by the end of 2017, the government disclosed.

The model is intended to be the successor to Fiat’s aging Punto subcompact. Punto’s successor, to be built at the Polish site, is a longer and wider variant of the Fiat 500 three-door minicar that is also produced in the site, sources have told Automotive News Europe.

The sources added that the successor might be named as 500 Plus. The Polish government said in the statement that Fiat will add 420 people to its 3,000-strong workforce in Poland.

The Polish government remarked that around 96 percent of the vehicles build from the plant’s new production line will be exported abroad, including to North America.

Fiat, however, said that the details of its investment at its Polish plant were still "assumptions that at this moment have not yet been firmed up in the company's business strategies."

The Italian carmaker quipped that information on investment plans for individual countries will be disclosed at the appropriate time along with the “industrial choices” that Fiat decides to take. [source: automotive news europe - sub. required]

If you liked the article, share on:

Comments

Recommended

In 2014, Jaguar Land Rover’s Special Vehicle Operations revealed the F-Type Project 7. At that time, it was said to be the fastest accelerating road car carrying a 5.0-liter Supercharged...
by - May 29, 2017
There is an ongoing rumor going around the automotive community, and it’s aimed at BMW. The rumor? The German marque has reportedly axed the i5 Electric vehicle concept. These supposed...
by - May 29, 2017
Volkswagen's yearly Worthersee affair that happens in Austria is considered a hotbed for all types of cars from the German company's long and renowned history. Most of the gathering features...
by - May 29, 2017
Behold, the Rolls-Royce Sweptail! The Sweptail is probably the biggest two-seater car that has ever been built. It may look odd at first glance, and you may not be fond...
by - May 29, 2017
BMW just keeps on getting bigger and bigger, in terms of their lineup I mean. Just after unveiling the 8 Series Concept, they are now teasing us with an M8...
by - May 29, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries