UPDATE 1-Fiat may shut two Italy plants if US plans fail

Newswire

(Adds comments, background) MILAN, Feb 24 (Reuters) - Italian carmaker Fiat may have to close two of its five plants in Italy in the face of weak European demand if plans to export to the U.S. market don't materialise, its Chief Executive Sergio Marchionne said in an interview on Friday. Marchionne, who is also head of Fiat-owned U.S. car group Chrysler, said Chrysler factories in the U.S. were already working to full capacity, and plants in Mexico, Canada or Europe are needed to fill a ...

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