Italy: Fiat-Chrysler deal premise to investment
(Agencies) Updated: 2014-01-03 14:13MILAN - Italy's industry minister said on Thursday Fiat's $4.35 billion deal to gain full control of Chrysler Group LLC was a premise for it to complete investments it had already planned in Italy.
"The agreement is the premise for the new Fiat-Chrysler group to further consolidate its position in Europe and internationally, putting the factories, knowhow and Italian technology at the center of its growth strategies," Industry minister Flavio Zanonato said in a statement.
Fiat has said it plans to build Jeeps and a new line of Alfa Romeos inItalyfor export tomarketsin Asia, Latin America and the United States to offset flagging demand in crisis-hit Italy and to conserve jobs.
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