Fiat: no mega-plan for Termini Imerese

posted: Tuesday 25 March 2008 by Alison in: Fiat Announcements

The agreement seemed ready, such to transform Sergio Marchionne’s denial into a real cold shower: the large relaunch plan for the Sicilian plant of Termini Imerese will not take place.

The managing director of the Fiat group then calmed everyone, underlining that 500 million euro will, however, be invested to acquire the assembly chain required for a new car, substituting the current Lancia Ypsilon with a relative hiring plan of 500 employees. Moreover the colossal 1.1 million euro renewal plan (opening of a second line of production which will increase manufacturing levels to 200,000 cars annually) would have been abandoned in the face of conditions judged “unfavourable”, such as to not reach an agreement on the 430 million euro of public assistance.

With thanks to bibo

Via | ccfa

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