Fiat Panda to produce its new factory in Naples
The Italian group Fiat said on Friday it would invest 700 million euros to produce the Panda Pomigliano, near Naples, while the range of small cars was previously produced in Poland.
The decision to relocate production in Italy of the best-selling small car in Europe was a time appear uncertain because only 62% of factory workers in Naples had voted in favor.
Fiat has finally decided to pursue his project after meeting with various unions have accepted this decision with the exception of Fiom, who said he would act in court for infringement of the rights of employees under the new conditions.
The government of Silvio Berlusconi welcomed the announcement of Fiat.
Fiat's investment in Naples – the group plans to invest about 8 billion euros worldwide by 2011 – is expected to boost employment in Italy and contribute to economic growth.
Action Fiat was up 1.4% to 8.84 euros in late afternoon.