Despite Overcapacity, Fiat Jobs Are Secured In Italy
Fiat’s top men promised that they will not cut jobs in Italy, despite Italian sales levels at 40 year lows. Fiat CEO Sergio Marchionne and Chairman John Elkann met Italy’s newly-appointed minister Flavio Zanonato, and delivered “assurances that Fiat intends to maintain employment,” Reuters says.
According to the wire, Fiat and Zanonato pledged to work together to relaunch Italy’s recession-hit car market, and stressed the importance of the group’s Italian manufacturing base as part of its brand image.
Italian car sales fell nearly 20 percent last year and are seen falling 5 percent more this year to about 1.3 million vehicles. Fiat wants to build Jeeps and a new line of Alfa Romeos in Italy, for export to markets in Asia, Latin America and the U.S.
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So for the time being they're going to keep building cars and then what? Push them into the Adreatic?
The UAW would do well to have more colorful banners.
Its okay, Chrysler will support them. Oh my, when is the last time someone said that statement???
Chrysler will continue to support Fiat only if it has a successful replacement for the midsized 200/Avenger and can keep updating the truck line to compete with Ford trucks and GM's new models. A full size Dodge sedan would also be helpful too. Fiat has the problem of trying to finance new Fiat models with the same money needed to keep the American cash cow models fresh.