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Thursday, 1 September 2011

U.S. will get the Fiat SUV output shifted from Italy, source says

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MILAN -- (Bloomberg) Fiat S.p.A., the Italian automaker which controls Chrysler Group LLC, you can move the planned production of Jeep and Alfa Romeo SUV brand your oldest plant in Turin to North America and build a car factory in the small town on the contrary, a person familiar with the matter.

Fiat may constitute an embargo on building small cars at the Mirafiori plant after the strengthening of the euro against the dollar stressed the possibility of building land intended mainly to the U.S. a more competitive Europe, said the source, who asked not to be identified before the official announcement

The person further added that a final decision hasn't been made.

Last November Fiat announced a 1 billion euro ($1.44 billion) investment to make as many as 280,000 Jeep and Alfa Romeo SUVs at the Mirafiori plant starting in the fourth quarter of 2012.Vcommindia News

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