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Although there's been plenty of positive news regarding Fiat (and Chrysler), apparently everything isn't peachy across the Atlantic. Just like almost every other manufacturer out there, the Italian automaker is looking at the possibility of massive layoffs in the near future. And just like almost every other manufacturer out there, they are asking the government for some help. Italian union leaders and Fiat's chief executive are reporting that as many as 60,000 jobs could be lost unless the gove

This may come as a surprise, but Ferrari is apparently mortal. Although it has denied being affected by the global economic crisis, the Italian supercar maker has announced plans to lay off up to 10 percent of its workforce this week. This comes on the heels of announcing in November that sales had dropped from around 600 units per month to a miniscule 92 sales worldwide. As many as 300 workers could be idled after negotiations with Italy's trade unions. So much for thinking it might be recessio