Automotive Industry
Industry: Email Alert RSS FeedFiat is forced to cut capacity again.(Cover Story)
Automotive News Europe, September, 2002 by Ciferri, Luca
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Byline: Luca Ciferri Automotive News Europe
With its sales plummeting, Fiat Auto has decided to make another big cut in production capacity.
Company sources say a further reduction - to be announced in late October - mainly involves downsizing its Mirafiori plant in Turin. The changes will result in about 2,000 job losses.
A Fiat Auto spokesman declined to comment.
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Cuts announced in May by Fiat Auto CEO Giancarlo Boschetti were aimed at reducing installed capacity in Italy to about 1.8 million units by the end of 2003. Next month's announcement will accelerate the ...
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