Fiat Reportedly Plans to Invest €9 Billion on New Models Built in Italy, Will Kill Punto
Fiat Group plans to invest as much as €9 billion ($12.3 billion) on new models to revive production in its idling Italian plants and to end European losses, according to two people familiar with the matter.
Plans include focusing the Fiat lineup on variants of the 500 and Panda small cars and boosting the Maserati and Alfa Romeo brands with new models made in Italy. In doing so, Fiat will ditch popular model lines like the Punto. The plans were disclosed to Bloomberg by two unnamed sources.
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Fiat Reportedly Plans to Invest €9 Billion on New Models Built in Italy, Will Kill Punto
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