Fiat says unless it secures agreement with its unions for restructuring, its massive investment plans in Italy will be at risk.
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Fiat CEO Sergio Marchionne demanded guarantees from unions that its Italian plants would be able to operate profitably, saying if no deal is possible the group would have to look elsewhere.
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Italy needs to make building cars in the country more financially appealing to Fiat #8211; and other automakers #8211; if it wants to avoid losing future projects.
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Fiat will start test production of new models in Serbia in the second half of 2011, phasing out the Punto, which sells in Serbia and other neighboring markets, a Serbian Economy Ministry official said.
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Chrysler is taking a big step toward combining its vehicle development with alliance partner Fiat by switching to the same Siemens product development software that Fiat uses.
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Fiat and its unions have been summoned by the Italian government to a meeting in Turin this Wednesday (28 July) to discuss manufacturing issues.
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Fiat Turkish joint venture Tofas will team with the country's largest appliance maker to produce an electric engine for the Doblo van, which could be ready for production by mid-2011 if demand rises, Tofas said.
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Italy's labor minister summoned Fiat and trade unions for talks on July 28 after the company's decision to move production of some vehicles to Serbia fueled fears for the future of its biggest Italian plant.
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Fiat should keep its pledge to boost Italian car production, a newspaper cited the labor minister as saying, after the company said last week it would move production of models such as the next Multipla minivan to Serbia.
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The Fiat brand returns to North America in December after an absence of nearly three decades. Depending on the source providing the information, Fiat wants to sell between 50,000 and 100,000 vehicles in North America in 2011.
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Fiat S.p.A. should keep its pledge to boost Italian car production, a newspaper cited the labor minister as saying, after the company said last week it would move production of models such as the next Multipla minivan to Serbia.
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Fiat Turkish joint venture Tofas will team with the country's largest appliance maker to produce an electric engine for the Doblo van, which could be ready for production by mid-2011 if demand rises, Tofas said.
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Italy's labor minister summoned Fiat and trade unions for talks on July 28 after the company's decision to move production of some vehicles to Serbia fueled fears for the future of its biggest Italian plant.
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Italy's labor minister summoned Fiat and trade unions for talks on July 28 after the company's decision to move production of some vehicles to Serbia fueled fears for the future of its biggest Italian plant.
Full story...
Italy's labor minister summoned Fiat and trade unions for talks on July 28 after the company's decision to move production of some vehicles to Serbia fueled fears for the future of its biggest Italian plant.
Full story...
In case anyone still believes that Chrysler will remain the same under Fiat management, let me tell you that "things they are a'changin". We just received a press release from Chrysler US about a Fiat contest to place photos of smiling faces on the factory Fiat-Yamaha MotoGP bikes for the US Moto Grand Prix, run this week end at Laguna Seca.
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Fiat CEO Sergio Marchionne lifted his outlook for the European new-car market this year, as well as his forecast for Fiat's global sales.
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Fiat is to make the new Multipla in Serbia rather than Italy. Sergio Marchionne made the switch sound very much like a punishment for the Italian unions which have been obstructing change and picketing Italian plants.
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Fiat will build two new minivans in Serbia instead of Italy, CEO Sergio Marchionne said. Fiat could also produce in other countries four other models originally planned for Italian production including Alfa Romeo and Chrysler cars.
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Fiat will build two new minivans in Serbia instead of Italy, CEO Sergio Marchionne said. Fiat could also produce in other countries four other models originally planned for Italian production including Alfa Romeo and Chrysler cars.
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