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Feb
19th

ITALY: Fiat union confirms Sicily plant aid package details

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Further financial details have emerged from Italy concerning proposals to save the threatened Fiat group Lancis Ypsilon assembly plant at Termini Imerese in Sicily. According to a spokesman for union conglomerate Fiom-Cgil, Sicilian authorities and the Italian government have put forward a possible rescue package totalling EUR450m (US$610m) although nothing has been definitively decided. Full story...
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