|
Fiat Chrysler to spend 5
billion euros on new models, engines in Italy
Send a link to a friend
[November 29, 2018]
TURIN, Italy (Reuters) -
Fiat Chrysler pledged on Thursday to spend more than 5
billion euros ($5.7 billion) on new models and engines
in Italy between 2019-2021 in a bid to fill
under-utilized plants, conserve jobs and boost operating
margins in Europe. |
A Fiat Chrysler assembly worker works on the interior of
a partially assembled minivan at the Windsor Assembly
Plant in Windsor, Ontario, February 9, 2015.
REUTERS/Rebecca Cook |
|
A total of 13 new models or restylings of existing models will
be launched in that period, it said.
The carmaker said a big part of the investments will be focused
on the development of electric and hybrid engines.
A new Fiat 500 electric model will be produced at FCA's
Mirafiori plant in Turin, while its plant in Pomigliano,
southern Italy, will churn out a mild-hybrid version of its
popular Fiat Panda hatchback.
(Reporting by Agnieszka Flak and Gianni Montani)
[© 2018 Thomson Reuters. All rights
reserved.] Copyright 2018 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
 |
|
|
