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Italy calls on Fiat to clarify expansion plans

Italy's economic development minister says the automaker has a responsibility to reveal plans to its workers.


September 17, 2012
by The Canadian Press

ROME—Two Italian Cabinet ministers have demanded that carmaker Fiat, which controls Chrysler, clarify its plans for investments in Italian plants amid mounting concern over possible closures.

Economic Development Minister Corrado Passera said the government isn’t interfering in Fiat’s decision-making but that its concern is justified, given Fiat’s importance in Italy. He criticized what he called a series of “too many unclear and unintelligible communiques” concerning Fiat’s future.

Labour Minister Elsa Fornero said she had approached Fiat for a meeting, reminding the automaker it had a responsibility to its workers, not just shareholders.

Italy’s largest employer reiterated last week that it would provide details about its plans during an earnings call Oct. 30. Sales in Italy, Fiat’s main market in Europe, dropped by 20% in the first six months of 2012.

©The Canadian Press