Sabato, 20 Ottobre 2018

Business chief calls for Fiat to reinvest


(ANSA) - Dalmine (Bergamo), October 1 - Italy needs a strong
investment presence from automaker Fiat, Giorgio Squinzi,
president of Italy's industrial employers' association
Confindustria, said Monday.
"I do not know the intentions of (Fiat CEO Sergio)
Marchionne and Fiat, but I hope that ultimately, they can be a
part of the investment (profile) in our country," said Squinzi.
He said he tried to be cautious when speaking of Fiat
because the company is no longer a member of Confindustria,
which was meeting in Bergamo province on Monday.
But, Squinzi added, it's important to the national economy
to have a major automotive corporation in Italy.
Fiat has played that role in Italy's past, "and I hope it
will continue this way".
Marchionne triggered enormous controversy recently when he
warned that Fiat, which has suffered a major drop in European
auto sales, would scale back its investment plans in Italy.
Due to these market conditions, he said, Fiat must drop its
Fabbrica Italia plan to invest some 20 billion euros in
facilities in Italy by 2014.

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