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]