Giovedì, 20 Settembre 2018
ROME

Marchionne confirms Fiat's Italy 'commitment'

English
© ANSA

Rome, May 31 - Fiat CEO Sergio Marchionne confirmed
that Fiat would be keeping up its plants in Italy in a meeting
with Industry Minister Flavio Zanonato in Rome Friday.
"I confirmed our commitment to the country," Marchionne
said, denying rumoured cutbacks at loss-making plants.
"The meeting went very well", he said.
Marchionne has said in the past that Fiat's factories
worldwide are effectively paying for those in Italy, which have
not turned a profit for years.
Fiat, which received huge State aid before turning itself
around in the 1980s, has also been accused of wanting to
"abandon" Italy and stop paying Italian taxes by possibly moving
its HQ from Turin to Detroit when it completes its merger with
Chrysler at the end of this year.
There has also been some controversy over reports that its
separate industrial-vehicle group may shift its base to the UK
once merged with agriculture and construction machinery
multinational CNH.

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