Fiat Auto, the light-vehicle division of industrial giant Fiat SpA, reportedly plans a massive investment of around $10 billion for new-product development and a rebuilding of its European market share. Fiat also will invest approximately another $5 billion to develop new powertrains in its joint venture with General Motors Corp. Fiat plans to share at least one platform, the new Epsilon, with GM as well, in the effort that hopes to elevate Fiat’s brand image, which has suffered from a ...

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