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 ...
Premium Content (PAID Subscription Required)
"Fiat Lands Italian Aid Following Tongue Lashing by Marchionne" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642