AUTO BAILOUT BOMBSHELL: Fiat Says Chrysler, Jeep Production May Move to Italy
October 29, 2012 2 Comments
Originally posted on Tarpon's Swamp:
Last week it was Jeep moving to China when it was just parts production. But now it really is all Jeep production which Fiat is discussing, they want it back in Italy for the jobs most likely. It’s all about jobs who gets them who loses them…
Coming hot on the heels of speculation that some Jeep production may be moved to China comes a bombshell from a Bloomberg report. Fiat is now considering moving Chrysler and Jeep production to Italy.
According to the piece, “To counter the severe slump in European sales, (Fiat CEO Sergio) Marchionne is considering building Chrysler models in Italy, including Jeeps, for export to North America. The Italian government is evaluating tax rebates on export goods to help Fiat. Marchionne may announce details of his plan as soon as Oct. 30, the people said.”
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