SAO PAULO – Fiat Auto SpA's Iveco unit plans to invest $68 million in Brazil over the next three years to increase its market share to 10%. As part of a cost savings plan and to increase synergies, the truck maker is relocating some staff from its Sao Paulo offices to Nova Lima, Minas Gerais, where Fiat management is located. About 25 employees will stay in Sao Paulo, while 40 workers will be transferred to Nova Lima. Another 25 employees will be laid off. Iveco is struggling against a ...
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