Fiat cheers Italy's readiness to extend incentives

Newswire

ROME, April 30 (Reuters) - Fiat CEO Sergio Marchionne said on Wednesday that Italian Prime Minister Silvio Berlusconi's apparent readiness to extend state incentives to the auto industry beyond the end of this year was "encouraging". Marchionne said on the sidelines of an industry seminar he was "ready to work with the system to find a solution for incentives in 2010 and 2011". The Fiat boss has previously said that he favours phasing out incentives over two years. (Reporting by Stefano ...

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