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Fiat Management to Meet with Italian Prime Minister to Discuss its Future
It’s no secret that Fiat is in dire straits right now. Its CEO, Sergio Marchionne, is counting on increased productivity and U.S. sales, but he’s also prepared to close down two Italian plants if push comes to shove. According to Reuters, Marchionne and Fiat Chairman (and Gianni Agnelli grandson) John Elkann will meet with the Italian Prime Minister Mario Monti and, subsequently, with Labor and Industry Ministers, Elsa Fornero and Corrado Passera, today to discuss the group’s plans concerning its local operations.
Monti is no stranger to Fiat as he has is a friend of the Agnelli family and was on the company’s board from 1988 until 1993. However, it's the first time that he will meet with its management as a Prime Minister.
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Fiat's Lapo Elkann "loves This Fiat 127 Prototype"
Lapo Elkann, the grandson of Fiat scion Gianni Agnelli, brother of Fiat Chrysler Automobiles Chairman John Elkann, and heir to Italy's biggest industrial dynasty, has given his seal of approval for David Obendorfer's independently-made 127 concept....
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Fiat Confirms Production Of New 500x And Small Jeep Cuv At Italy's Melfi Plant
With rumors floating around since October, today it was finally confirmed that the Fiat-Chrysler Alliance will build the new Fiat 500X and a closely related Jeep-badged small crossover at the company's Melfi assembly plant in Italy beginning...
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Fiat-chrysler Ceo To Meet With Italian Pm Amid Fears About Automaker's Future In The Country
On Tuesday, two days after two government ministers asked Fiat to clarify its plans, the Italian government announced Prime Minister Mario Monti would meet with Fiat and Chrysler CEO Sergio Marchionne on Saturday, September 22, to talk about the company’s...
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Fiat Still Keen On Moving Headquarters From Italy To The Usa, Or So It Claims
In February, at an industry conference, Fiat SpA and Chrysler LLC Chief Executive Officer Sergio Marchionne suggested that that the Italian automaker could eventually merge with its Detroit counterpart and move its corporate headquarters from Turin,...
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Fiat’s Future In Italy Could Be At Stake Due To Disagreements With Unions
As previously reported, Fiat hasn’t been able to secure agreements with all Italian unions regarding a key productivity deal to help the automaker to keep its turnaround strategy on track. With a hard-line union planning a strike later this month,...
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