Union woes prompt Fiat to suspend former Bertone plant investment
Automotive News reports that the Turin-based automaker has suspended a $710 million investment in the former Bertone plant after Fiat failed to reach an agreement with the FIOM union that represents the plant. The plant, which Fiat purchased back in 2009, had been earmarked to build the next generation Maserati Quattroporte and a midsized sedan to take on the likes of the BMW 5-Series and Mercedes-Benz E-Class.
A Fiat spokesperson reportedly told AN that FIOM's stance isn't acceptable, adding "right now, the conditions are not there to launch the planned investments." That doesn't mean that a deal is permanently out of the question, but it may give FIOM some motivation to see things Fiat's way. The midsize sedan is scheduled to arrive in Europe early in 2012, followed by the next Quattroporte sometime in 2013.
[Source: Automotive News - Sub. Req.]
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