Fiat SpA secures E46 million ($61 million) in state aid from Italy to retool its Termini Imerese plant in Sicily on the heels of a complaint by CEO Sergio Marchionne that his company was being disadvantaged by government handouts to other auto makers. The funding will be used to convert the plant to a new model that will replace the existing Lancia Ypsilon currently made there. The government grant, authorized yesterday, comes after Marchionne took issue with the generous support schemes ...
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