Source AP ©

Car maker Fiat to spend 70 million euros to revamp Naples plant

At least 70 million euros (US$102.9 million) are to be spent by Italian car maker Fiat SpA to revamp its Pomigliano d'Arco manufacturing plant outside Naples and provide workers with training.

Fiat said late Tuesday that its goal is to improve the efficiency and competitiveness at the production facility so that it can later begin producing new car models.

"The objective is bring this plant to best-in-class performance levels and ensure that is be able to meet the conditions necessary for the allocation of production of new future models," the company said.

Fiat also said that in order to do so, the plant will be shut from Jan. 7 to March 2 at a cost of EUR40 million (US$58.8 million).

Fiat shares rose 1 percent to EUR17.94 (US$26.36) in Milan.

Comments
Russians lose faith in their future, get ready for worse
Russians lose faith in their future, get ready for worse
Argentina hides the truth about the death of San Juan submarine
Moving inexorably towards war
Presidential and midterm elections in the USA change the 'American project' entirely
USA plays to pretend a mighty dragon that can no longer breathe fire
Presidential and midterm elections in the USA change the 'American project' entirely
Brexit: The UK's misunderstanding of Democracy
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Nagorno-Karabakh: 20,000 people killed, but no one is interested
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Russia rips its economy apart with help from the West
Brexit: The UK's misunderstanding of Democracy
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Argentina hides the truth about the death of San Juan submarine
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Why Trump tries to re-industrialize America
Russians lose faith in their future, get ready for worse
Theatrical posters depicting naked dancers banned in Russian provincial city