Fiat, Italy govt to examine export-focused measures
MILAN/ROME (Reuters) – Italy’s Fiat and the Italian government said on Saturday they will look for ways to improve the company’s manufacturing efficiency, as the automaker pledged to keep building cars in Italy while shifting its focus to foreign export markets. Fiat’s decision in late August to freeze planned investments to avoid further losses in a weak car market has sparked a firestorm of criticism from trade unions and politicians. Unions are worried about potential job losses if the company eventually shifts manufacturing to countries where wages are lower. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply