Fiat Chrysler plans Italy-based in­vest­ment

Financial Mail - - MARKET WATCH -

Fiat Chrysler pledged last week to spend more than €5bn on new mod­els and en­gines in Italy be­tween 2019 and 2021. The in­ten­tion is to fill un­der­utilised plants, con­serve jobs and boost mar­gins in Europe; 13 new mod­els or restylings of ex­ist­ing mod­els will be launched. A big part of the in­vest­ments will be fo­cused on the de­vel­op­ment of elec­tric and hy­brid en­gines.

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