Fiat to Build 2 New Plants: Italy’s...
From Times Staff and Wire Reports
Fiat to Build 2 New Plants: Italy’s auto giant, looking ahead to a recovery in world markets in 1993 and beyond, announced that it will build two new production plants in southern Italy. The plan, unveiled by Fiat Chairman Giovanni Agnelli to Premier Giulio Andreotti, will require an investment of about $4.5 billion (5 trillion lire) over the next three years and will create 8,300 jobs in the economically depressed south. Construction will be completed by the end of 1993 or the beginning of 1994, according to a spokesman for Fiat.
