Fiat to announce its plans to build Jeeps and other SUVs in Italy

Article by Christian Andrei, on December 16, 2012

Sources said that details will soon be announced by Fiat CEO Sergio Marchionne about the start of production of Fiat and Jeep SUV models at its Melfi, southern Italy plant. The sources added that Fiat will proceed with the projects even with the possible political instability in Italy after the country's Prime Minister, Mario Monti, revealed his plan to resign last weekend.

It’s believed that Marchionne will talk about information about the initial spending at the Melfi plant as early as next week. Automotive News Europe sources said that Fiat is planning to produce the 500X, which is the replacement for the current Fiat Sedici small crossover at Melfi beside a "baby" Jeep Wrangler for European and U.S. markets.

Marchionne is planning to increase sales of its pricier models to turn around Fiat's European operations, which are predicted to incur 700 million euros ($913 million) in losses this year. It drove the manufacturer to reduce its 2014 trading-profit target by 31% to 5.2 billion euros. The CEO aims to introduce 19 models through 2016 that will be built in Italy, which include nine Alfa Romeo-badged vehicles and six Maseratis.

Fifteen of the new vehicles will be built to be exported outside the region and to be sold in Europe. Fiat and Chrysler are planning to invest up to 18 billion euros in the next couple of years, primarily to develop new models in Europe, according to an investor presentation on Oct. 30. Fiat estimates that it will break even in Europe in 2015 at the earliest as it takes on the higher-priced vehicle strategy.

Topics: fiat, jeep, suv, italy, plant

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The recently concluded 2016 Los Angeles Auto Show has just showcased the new generation Mazda CX-5. And with it comes a rendered version for an MPS variant. Let us see...
by - December 6, 2016
Nikola Motor’s hydrogen-powered semi-trailer truck is highly appealing with its many advancements but don’t expect it to arrive in the near future. In November 2016, Toyota announced the possibility of...
by - December 5, 2016
Usually, it is up to resourceful spy photographers to take clear pictures of vehicle prototypes, especially those that have aroused a lot of interest. The same is true for Project...
by - December 5, 2016
The much-anticipated debut of the new Wrangler will surely happen. As it approaches, we’ve gathered all the latest information released so far. Of course, most are expecting that the next...
by - December 5, 2016
Nissan has announced the pricing for its new commercial pickup line. So for those who have been waiting for Nissan’s official price list (plus a little more info), read on… ...
by - December 5, 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