Italian Plants Strategy Paying Dividends, Fiat Says

Newswire

MILAN, Dec 20 (Reuters) - The first results of Fiat's move to use its plants in Italy to focus on higher-margin brands and make vehicles for export around the world are encouraging, the company's chairman and chief executive said on Friday. In a letter sent to employees ahead of the holidays, Chairman John Elkann and Chief Executive Sergio Marchionne said Fiat had initiated a series of investments that will continue in the months and years to come to deal with a weak car market in ...

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