Monday, February 14, 2011

Fiat to invest in Italy € 20 billion

A total investment of 20 billion euro coated in the next four years. You put on the plate as the Fiat group to take off factory Italy in our country. So finally comes the official confirmation from the Lingotto want to invest in Italy, after days of rumors and assumptions that they wanted an impending merger with Chrysler, the latter a task that would bring the center of gravity of the car outside the boundaries national, with obvious negative effects on businesses, employees and induced.

In recent days, however, came the meeting between the CEO of Fiat, Sergio Marchionne, President John Elkann and Labour Minister Maurizio Sacconi. A face to face who then cleared the clouds on the horizon for the future of the Italian. According to the Minister of Labour, "The government will help to create the best conditions for competitiveness because the planned investments in Italy are the driving force for achieving the highest position in relation to competitors in the industry." However, if the moment seems to put off the merger, the firm remains of the Fiat group will play an increasingly important role in the global market.

One scenario that could call into question the role of Turin as the nerve center of the group. For the mayor of Turin Sergio Chiamparino confirmed investment is undoubtedly a good thing, but "need more progress in the government of establishments with greater participation, through a path to be built."

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