Fiat Chrysler Automobiles could face billions in euros in fines from the French government if the automaker is found to have committed fraud by cheating on diesel emissions tests, the newspaper Le Monde reported.
Serbian Prime Minister Ana Brnabic urged workers at a local Fiat plant to end a strike which has entered its second week, saying the country could face a hit to economic output and jobs if the dispute drags on, the Tanjug news agency reported.
Fiat Chrysler Automobiles denied it has decided to pull its Chrysler brand out of Japan, after the Nikkei reported it was planning to stop selling the U.S. cars in the country as early as next year following years of poor sales.
Fiat Chrysler CEO Sergio Marchionne rowed back on his search for a merger on Friday, saying the group was not in a position to seek deals and would focus instead on developing its business plan.
Alberto De Aza (45) was appointed the new CEO of Fiat Chrysler Aubomobiles Central & Eastern Europe on September 1, 2016. The company operates in Hungary, the Czech and Slovak Republics.
The Serbian unit of Fiat Chrysler Automobiles will lay off nearly 30 percent of its workforce, ending one of its three shifts producing 500L models, a union leader said.
The Agnelli family’s Exor holding has become the largest investor in the company that publishes The Economist weekly magazine in a move that further reduces the family’s dependence on the auto industry.
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