Fiat to meet Italian Government over Investment Plans

Talking of Fiat and Sergio Marchionne and the Italian Labour minister Elsa Fornero are planning to meet to discuss Fiat maintaining its investment plans. Fiat have recently been very public about blaming the five year slump in the European car market for not announcing new investment, however with other manufacturers pushing ahead with new products this will only serve to widen the gap between Fiat’s ageing model line-up and this will do nothing to help them with struggling sales. As mentioned above, the South Korean manufacturers have proved that investment in appealing new products can fight against depressed market trends thus supporting the old adage about spending yourself out of recession, however the Fiat plan looks set to end in one only one course and that is further job cuts and plant closures.