2011-08-26

Fiat invests to build Maseratis in Turin plant

Quick Read Fiat to go ahead with €500 million ($720 million) investment in plant near Turin

(AP) -- Fiat SpA, which controls Chrysler, has confirmed plans to invest €500 million ($720 million) to build Maseratis in a plant near Turin.

Fiat confirmed the investment in the plant, which formerly made Bertone cars, in a statement Friday after receiving guarantees that the government will pass a law favoring investments that are backed by unions.

Fiat has been negotiating with unions...

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