Saturday 16 May 2009

'A risk two Fiat plants? Not in Italy

The German newspaper Handelsblatt, in its online edition, writes that under the agreement with Opel, might jump to a facility and a North to South

The world economy continues to discuss possible agreement between Fiat (with Chrysler) and
Opel for the creation of a group of super - car. Indeed, according to German newspaper
Handelsblatt, in its edition on-line, you can possible that one could jump to the Fiat plant North and South to a leakage in the plane Fiat presented the German government.

The newspaper, citing sources close to the negotiations, also writes that the plan of "cut" would be contained in the document presented by the CEO of Fiat Sergio Marchionne to the Minister of Economy German Karl-Theodor zu Guttenberg (CSU), with the title the "Project Phoenix". The idea would be different from the "Project Football", presented last month, which was attributed to Fiat by German newspaper Frankfurter Allgemeine Zeitung and the Lingotto has denied. The "Project Football", according to the Frankfurter Allgemeine Zeitung, provided for the closure of 10 plants in Europe, including those of Pomigliano and Termini Imerese. Dall'Handelsblatt in the article published on-line, will not be the names of two plants in Italy that would be closed, but stressed that Fiat is interested in Gm Gm South America and South Africa as well as in Europe Gm.

And while there's time for an official comment from the Lingotto, and unions battle already announced, the Minister for Economic Development, Claudio Scajola, sent a letter to Luca Cordero di Montezemolo and Sergio Marchionne, president and CEO of Fiat, writing that the group should keep in mind the centrality of the factories. "In the certainty that the excellence of Italian plants continue to be insured - writes Scajola - then I will open to schedule a meeting at short notice, even in the presence of trade unions."

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