Fiat executives to discuss strategy with Italian ministers on September 22

Article by Anita Panait, on September 20, 2012

The Italian government will hold a meeting with Fiat executives on September 22, 2012, Saturday, to discuss the automaker's strategy for Italy. Italian Prime Minister Mario Monti, Industry Minister Corrado Passera and Labor Minister Elsa Fornero will be meeting with Fiat Chairman John Elkann and chief executive Sergio Marchionne, with an aim to disclose "the strategic outlook of the Fiat group, in particular regarding Italy."

The meeting may be the result of a statement that Fiat released last week, when it announced that its previous investment plan for its Italian operations was no longer viable. The statement caused a stir and Fiat had since tried to allay fears of any plant closures at it home market, which is currently suffering from economic recession. 

Italy’s current economic situation has also sparked speculations of possible job cuts in Fiat. Earlier this week, Marchionne told Rome daily La Repubblica that the carmaker will not shut down any of its six factories in Italy despite a declining domestic car market. The Italian carmaker, however, is expected to implement temporary production stoppage every now and then throughout the third and fourth quarters, union sources told Reuters.

Topics: fiat

If you liked the article, share on:

Pin It

Comments

Recommended

Has Toyota started the production of a new electric supercharger? Well, a patent that was recently published indicated that they might have. And this electric supercharger looks more durable and...
by - March 27, 2017
The Tesla Model S has finally arrived in South Korean soil and is now available for test drive. But, there’s a catch. You’ll have to wait several months if you...
by - March 27, 2017
Sorry to say this to the Sport Quattro Concept fanatics. If you guys have been hoping for the production of this iconic concept to begin, prepare for your dreams to...
by - March 27, 2017
South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 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