Fiat Must Keep Five Plants In Italy -Industry Min
19 May 2009 - 8:42PM
Dow Jones News
Fiat SpA (F.MI) must keep five plants in Italy if it goes ahead
with a plan to expand internationally to create one of the world's
largest car makers, Industry Minister Claudio Scajola said
Tuesday.
"For the government there can't be exceptions to Fiat
maintaining five plants in Italy," Scajola said.
After taking a stake in Chrysler LLC last month, Fiat is seeking
to buy General Motor Corp.'s (GM) European assets and merge them
with its auto unit.
-By Luca Di Leo, Dow Jones Newswires; +39 06 697 66921;
luca.dileo@dowjones.com