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.
Fiat executives to discuss strategy with Italian ministers on September 22
by Gerald Ferreira, Email, 20 Sep, 2012
