Italian carmaker Fiat will proceed with investments to convert plant to produce Maserati SUVs
Plant's 5,400 workers on layoffs last two years
Last Updated: 99 days ago
MILAN - Italian carmaker Fiat, which controls Chrysler, will go ahead with investments in its flagship Mirafiori plant in Turin, where it will produce Maserati SUVs.
Fiat confirmed the decision Wednesday, after signing a contract with unions and a day after it cast doubt on future investments because of a constitutional court ruling that essentially forced it to include a maverick union that had refused to approve flexible work rules.
UILM regional union leader Maurizio Peverati said the investment sum and plans will be discussed in coming days.
Mirafiori's 5,400 workers have been mostly on layoff schemes for the last two years. The investment will convert the plant to build a Maserati SUV and another model to be announced.
Production of the Maserati is to begin next year for release in 2015.
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