Italy finally reaping benefits of Fiat-Chrysler merger - USA TODAY
Italy finally reaping benefits of Fiat-Chrysler merger MELFI, Italy — On a cool summer day last month, about 250 autoworkers arrived at the Jeep plant here for their first day, another real sign the 6-year-old Fiat Chrysler merger is finally... ly/1IVN2Lv MELFI, Italy — On a cool summer day last month, about 250 autoworkers arrived at the Jeep plant here for their first day, another real sign the 6-year-old Fiat Chrysler merger is finally benefiting Italy. Less than a year ago, most employees at the plant worked one week a month. The plant now employs nearly 7,700, runs three shifts and exports Jeep Renegade SUVs and Fiat 500 crossovers to North America. In Milan, just two days after the new Jeep workers were hired, FCA Chief Executive Sergio Marchionne and Chairman John Elkann unveiled the Alfa Romeo Giulia before a crowd of hundreds. Workers and residents have worried that the new Fiat Chrysler Automobiles ( FCAU ) — with its origins in Chrysler's 2009 emergence from bankruptcy with Fiat as one of the principal owners — was pulling away from Italy, caring more about investment... Marchionne's recent drive to spark industry consolidation and actively seek a merger with General Motors or another automaker is creating uneasiness in Italy and Auburn Hills, Mich. The search for a partner comes just months after Marchionne and Elkann renamed the automaker Fiat Chrysler Automobiles, moved its official headquarters to London and incorporated the combined company in the Netherlands. Source: www.usatoday.com
