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What is Fiat about?

Fiat is restructuring its operations in Italy in response to declining sales and excess factory capacity built up over decades. The company has closed plants in Sicily and doubts the future of another Italian plant. Fiat aims to make its factories more efficient by squeezing more cars out of fewer workers, as seen at its plant in Pomigliano. The restructuring is necessary but will be difficult, as carmakers must cut jobs despite strong opposition from unions and governments who want to protect local factori

Author

Hammad Tauqeer

Language

EN