Fiat seeks to boost productivity of Italian plants and avoid investments delay

Article by Christian Andrei, on November 8, 2010

Despite the dispute with the trade unions in Italy, Fiat S.p.A. still aims to strengthen its home-country roots and doesn’t seek to delay investments, according to CEO Sergio Marchionne.

Fiat wants to boost productivity at Fiat's Italian plants and to invest 20 billion euros ($28.28 billion) for the Fabbrica Italia (Italian factory). At a prize-giving ceremony in Mirandola, Italy.

Marchionne said that after competing internationally, Fiat intends to reinforce its roots in Italy. He is asking that all those involved should be able to “work together in the same direction.”

He described Fabbrica Italia to be its “way of rolling up our sleeves and looking to resolve the problems." Last month, Marchionne received criticism when he said Fiat would perform better without its money-losing Italian plants. He had said that Italy has to boost efficiency to remain competitive.

He warned that if he can't get more efficient work rules for its Italian assembly plants, he will consider other production locations.

On Oct. 21, Marchionne told analysts that those vehicles that are necessary for western European consumption “would have to find a production home.” [via autonews - sub. required]

Topics: fiat, italy, production

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
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