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:

Comments

Recommended

Opel revealed it has sweetened the pot for 2017 Insignia Grand Sport customers with the Opel Exclusive program. Through this program, the brand hopes to introduce a wide selection of...
by - February 22, 2017
Fireball Performance Cars has been known to make the fastest sixth generation LT1 Camaros in the world. Once again it has managed to walk the talk as it hit a...
by - February 22, 2017
The North American unit of German premium carmaker BMW is recalling around 19,000 units of its BMW i3 electric vehicle because of the risk of fuel leak. You may ask,...
by - February 22, 2017
A publication by the U.S. Patent and Trademark Office revealed that Honda is still looking into the Project 2&4 Concept. Officially unveiled during the 2015 Frankfurt Motor Show, the Project...
by - February 22, 2017
Barely a month before its official debut, Hyundai gave everyone a taste of what’s to come with the 2017 Hyundai i30 Wagon. Despite what little was shown, it did not...
by - February 22, 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