MILAN (AP) — The Italian carmaker Fiat, which controls Chrysler, reiterated Thursday that it will provide details on future investments in Italian plants along with planned products rollouts when it presents its third-quarter results, amid growing domestic concern over the possibility of plant closures.
With the impact of the continent’s financial crisis bottoming out sales in Italy, Fiat called it “an imperative that the product plan and related investments are constantly revised and aligned to prevailing market conditions.” In April 2010, Fiat said it would invest €20 billion ($25.8 billion) to double auto production in Italy, but said in the statement that “it is unrealistic to think that a project announced two and a half years ago would remain unchanged.”
