• News
  • Guides
  • Reviews
  • Media
  • About
  • News
  • Guides
  • Reviews
  • Media
  • About
Sign up Now (For Free)

Sign up for our newsletter and receive the latest automotive news in your inbox!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
News
Read Now
  • All News
  • Automakers
  • Automobiles
  • Auto Shows
  • Business
  • EVs & Environment
  • Guides
  • Lawsuits/Legal
  • Regulatory
  • Ride-Sharing
  • Safety & Recalls
  • Technology
Recent
  • Biden Admin. Makes EV Credits Available to More Buyers
  • Week Ahead: Chicago … that Toddling Town
  • The Rearview Mirror: Tailfins Take Flight
  • TikTok Reveals the Hottest EVs in the Industry
  • Millions of Older Hyundai, Kia Owners May Face Trouble Getting Car Insurance
  • Bugatti Chiron Profilée Sets New Auction Sales Record
  • Another Delay for VinFast Customers
  • Ford Making Return to Formula One for 2026 Season
  • Ford CEO Farley “Frustrated” by $2 Billion Loss for 2022
  • Hyundai Ioniq 6 Achieves EPA-Estimated 361-Mile Range
Editor’s Choice
    Reviews
    Read Now
    • All Reviews
      • Feeder
    • Classic Cars
    • Concept Cars
    • Convertibles
    • Coupes
    • Crossovers/CUVs
    • Diesel
    • Hot hatches
    • Hybrids
    • Luxury Vehicles
    • Minivans
    • Muscle Cars
    • Pickups
    • Sedans
    • Sports Cars
    • Super Cars
    • SUVs
    Recent Reviews
    • A Week With: 2023 Lexus GX 460 Black Line
    • A Week With: 2023 BMW X1 xDrive28i
    • A Week With: 2023 Kia Niro EV
    • A Week With: 2023 Hyundai Palisade Calligraphy
    • A Week With: 2023 Ford F-150 Raptor R 4x4 Super Crew
    • A Week With: 2023 Genesis Electrified G80 AWD
    • A Week With: 2023 Land Rover Defender 110 V-8
    • First Drive: 2023 Honda Pilot TrailSport
    • A Week With: 2023 Jaguar F-Type R Coupe
    • A Week With: 2023 GMC Yukon Denali Ultimate
    Editor’s Choice
      Guides
      Car Warranty
      • Endurance Warranty Reviews
      • BMW Extended Warranty
      • Extended Warranty For Cars Over 100k Miles
      • Extended Car Warranty Cost
      • Subaru Extended Warranty
      • CarShield Reviews
      • CarShield Cost
      • Aftermarket Car Warranty
      • CARCHEX Warranty Reviews
      • Reputable Extended Car Warranty Companies
      • Used Car Warranty Companies
      • Best Car Warranty
      • Is CarShield A Scam?
      • Mercedes Extended Warranty
      • CarShield Plans
      Insurance
      • How To Identify A Car Insurance Company
      • Geico Mechanical Breakdown Insurance
      • How Far Back Does A Car Insurance Company Look
      • Mechanical Breakdown Insurance For Used Cars
      • State Farm Mechanical Breakdown Insurance
      • Mechanical Breakdown Insurance From Progressive
      • Dollar A Day Insurance
      • Auto Insurance For SSI Recipients
      • Car Insurance Rates After A Suspended License
      • Auto Insurance For Salvage Vehicles
      • Average Cost of Dodge Ram 1500 Car Insurance
      • Car Insurance Florida
      • Full Coverage Auto Insurance
      • GrubHub Insurance
      • Amazon Delivery Auto Insurance
      Shipping
      • Car Shipping Companies
      • uShip Reviews
      • Auto Shipping From California To Hawaii
      • Montway Auto Transport Reviews
      • Cheap Car Shipping
      • Easy Auto Ship Reviews
      • Auto Shipping Miami
      • Auto Shipping To Alaska
      • Car Shipping Cost
      • Auto Shipping Hawaii
      • Auto Shipping Puerto Rico
      • Sherpa Auto Transport Reviews
      • Auto Shipping Atlanta
      • Auto Shipping Boston
      • Auto Shipping. Chicago
      About
      • About Us
      • Contact Us
      • Terms of Use
      • Privacy Policy
      • Affiliate Disclosure
      • Sitemap
      TheDetroitBureau.com

      More than just “another” place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. TheDetroitBureau doesn’t stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting.

      Contact Us

      Like what you see? Have some ideas for making The Detroit Bureau.com even better? Let us know, we’d love to hear your voice.

        Media
        Listen Now
        • Headlight News: All Episodes
        More from TheDetroitBureau
        • Guides
        • Latest News
        • Auto Reviews
        • Podcasts
        Headlight News

        TheDetroitBureau.com’s Headlight News offers a look at the past week’s top automotive news stories, as well as what’s coming up in the week ahead. Check out the week’s top story and our latest review…along with a dive into the past with this week in automotive history.

        home > news > Automakers > FCA Pledges $5.7B Investment in Italian Auto Plants

        FCA Pledges $5.7B Investment in Italian Auto Plants

        Plans call for new 500 EV and Alfa Romeo hybrid.

        Michael Strong
        Michael Strong , Managing Editor
        Nov. 30, 2018
        FCA CEO Mike Manley signed off on a $5.7 billion investment plan in the company's facilities in Italy.

        Fiat Chrysler Automobiles said this week that its plants in Italy would return to full employment with a $5.7 billion investment in new cars and engine technology, including a fully electric version of the Fiat 500 city car and a plug-in hybrid Alfa Romeo compact utility vehicle.

        The FCA announcement plans to mollify anxious union workers – and uneasy political factions in its home country – offer a sharp contrast to the tack taken by General Motors Co., which announced plans to close seven plants and eliminate 15,000 jobs.

        Dig Deeper!

        GM’s announcement angered union officials in the U.S. and Canada as well as figures from opposite end of the political spectrum, such as U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau.

        FCA is also expected to face pressure from the United Auto Workers and Unifor, the Canadian auto workers union, for further details on its future investment plans in the U.S., Canada and Mexico. FCA, however, is in the process of completing major investment in new products and equipment at plants in Toledo, Ohio, Sterling Heights, Michigan, and Belvidere, Illinois.

        During a meeting with unions representing Fiat Chrysler Automobiles N.V.’s Italian workers, FCA’s top executive said they plan to invest $5.7 billion in 13 new or restyled models during the next three years.

        Part of the new $5.7 billion investment in Italy will result in a new battery-electric Fiat 500.

        (FCA, Honda and VW lead October auto sales. Click Here for the story.)

        FCA CEO Mike Manley, who replaced Sergio Marchionne in July, said during the meeting in Turin that the automaker would also continue its developing hybrid and fully electric engine technology.

        The Italian unions have been seeking reassurances for Italy’s under-utilized plants since a new five-year strategy was announced in June. The five-year plan was assembled under Marchionne’s watchful eye prior to his sudden death.

        “It is a courageous plan in a difficult context, in which, for example, the U.S. automotive industry is significantly reducing its workforce,” said the secretary general of the Uilm metalworkers’ union, Rocco Palombella.

        (Click Here for more about FCA’s Q3 profits.)

        The all-electric 500 will be built in Mirafiori, in Turin, while the Alfa Romeo utility vehicle will be built in Pomigliano, near Naples, along with a mild hybrid version of the compact Panda, according FCA executives.

        The company plans to build a hybrid for Alfa Romeo with the new investment.

        A big part of the investments in Italy will focus on the development of electric and hybrid models and the creation of common platforms that can be used to develop different vehicles to boost efficiencies and flexibility, he added.

        “These are investments that are capable of being implemented and kick off tomorrow morning,” said Pietro Gorlier, who took over management of FCA’s operations in Europe last month. Gorlier also noted that additional plans for Italy and other plants in Europe – in Poland, Serbia and Turkey – would be announced later.

        (To see more about FCA’s plan to move Ram pickup production out of Mexico, Click Here.)

        FCA’s operating margin in Europe improved to 3.2% last year, but this compares with rival carmaker PSA Group’s global automotive margin of 7.3%, analysts noted FCA expects its margin to grow to between 5 and 7% by 2022, according to the plan outlined in June.

        How to Care for Your Car

        Cheap Car Warranty

        Editor's Choice

        Best Extended Car Warranty

        Editor's Choice
        Recently Published
        Biden drives Cadillac Lyriq at NAIAS 2022

        Biden Admin. Makes EV Credits Available to More Buyers

        Today
        ChevyCamaroZL1Welburn01.jpg

        Week Ahead: Chicago … that Toddling Town

        Today

        The Rearview Mirror: Tailfins Take Flight

        Feb. 04, 2023

        One response to “FCA Pledges $5.7B Investment in Italian Auto Plants”

        1. Allen says:
          December 6, 2018 at 10:45 pm

          “FCA’s operating margin in Europe improved to 3.2%…” What was it before?

          Reply

        Leave a Reply Cancel reply

        Your email address will not be published. Required fields are marked *

        Share this article:
        © The Detroit Bureau 2023
        • Guides
        • Privacy Policy
        • Terms of Use
        • Affiliate Disclosure
        • Contact Us
        • Sitemap
        Follow Us: