
Auto giant Fiat will temporarily suspend production at one of its Italian plants between August 20 and 31 in response to slumping European car sales, the company said Wednesday. "The situation requires us to reduce production to avoid a useless and costly accumulation of vehicles," said a statement from the group, which includes the Lancia, Alfa Romeo, Chrysler, Jeep and Dodge brands. The affected plant in the southern city of Pomigliano will have two extra work weeks tacked on at the end of its normal summer break from July 23 to August 17, and "the situation will remain under observation for the coming months", the group said. Fiat blamed the closure on "the crisis in the European and particularly the Italian automobile market", which it said had shrunk 6.3 percent and 19.7 percent respectively in the first half of the year. The head of the company, Sergio Marchionne, had said earlier this month that Fiat would be forced to permanently close one of its Italian plants if the European market continued to slump. The announcement on the Pomigliano plant came as workers at another factory in the southern city of Cassino were on strike to protest the possible closure. New-car sales in Italy fell 24.4 percent in June from the same period last year, the ninth consecutive monthly drop, according to transport ministry figures.
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor