Road accident deaths drop by 50% in Saudi Arabia    SR 3.95 million fines for 3 employees of a company and 6-month jail for one for violating Capital Market Law    Qassim emir launches 52 health projects costing a total of SR456 million    BD and INS partner to elevate standards of infusion care in MENAT    Dubai Design Week launches its 10th edition, celebrating creativity and innovation    GASTAT: Passengers of public transport bus and train soar 176% and 33% respectively in 2023    Fakeeh Care Group reports 9M-2024 net profit of SR195.3 million, up 49% y-o-y driven by solid revenue growth and robust profitability    Italy's 'Libra' to arrive in Albania with just eight migrants on board    South Africa shuts border crossing with Mozambique over poll unrest    French families sue TikTok over harmful content that allegedly led to suicides    Harris tells supporters 'never give up' and urges peaceful transfer of power    HRT does not impact life expectancy — UK health body    Liam Payne's body to be flown back to the UK    Suspect arrested for banking fraud totaling SR493 million as Nazaha pursues corruption charges    Arab leaders and heads of state congratulate US President-elect Donald Trump    Neymar suffers muscle tear, out for 4-6 weeks    Crown Prince hails Saudi medical team that performed world's first fully robotic heart transplant    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Italian govt seeks roundtable on Fiat production
Published in Saudi Press Agency on 23 - 07 - 2010

Premier Silvio Berlusconi said Friday that Fiat can build cars where it sees fit, but his government still wants to have a roundtable talk with Italy's largest manufacturer to discuss the announcement this week that it would produce new minivans in Serbia instead of Italy.
«In a free economy and a free country, an industrial group is free to locate its production where it sees fit,» AP quoted Berlusconi as telling reporters at a news conference after meeting with Russian President Dmitry Medvedev. «I hope, however, that this doesn't happen at the expense of Italy or of Fiat workers.»
Fiat CEO Sergio Marchionne said the decision to shift production to Serbia was necessary to guarantee smooth production of future rollouts as the company emerges from a painful industrywide crisis and attempts to build a larger global automaker with Chrysler Group LLC, which Fiat controls.
Labor Minister Maurizio Sacconi said he wants to meet with Fiat to discuss the plans, and the head of the Italian business lobby urged Fiat to avoid unnecessary conflicts.
Others were less measured, accusing Fiat of taking advantage of government incentives on cleaner burning engine technology to weather the crisis, and then moving jobs out of the country.
Marchionne had previously announced plans to increase production at Italy's underutilized auto factories, as government officials and unions sought assurances that Fiat's global ambitions wouldn't penalize Italy.
Fiat earlier this month confirmed that it is going ahead with plans to invest ¤700 million ($903 million) to move production of the next generation Panda from Poland to a plant near Naples, despite objections from one union to concessions it sought. But the battle over the Naples plant colored the Serbia decision.
Marchionne told analysts this week that Fiat's plans involve more than ¤20 billion in investments, and the automaker cannot afford labor issues hampering production.
Marchionne is moving ahead with a spinoff of Fiat's industrial units into a separate company, in order to launch a global auto company including Chrysler. The spinoff is expected to be completed by Jan. 1.


Clic here to read the story from its source.