Fiat Chrysler will invest almost one billion euros ($1.1 billion) to start production of the new Alfa Romeo compact SUV Tonale and of the light hybrid version of its Panda small car at its Pomigliano plant, unions said on Wednesday. The investment is part of a FCA’s plan announced last year to spend 5 billion euros in Italy up to 2021 to help the group launch its first electric and hybrid models and to fill capacity utilization at its Italian plants. FCA will start building the new production line for the Tonale at the start of next year, metal mechanic unions FIM, UILM, FISMIC, UGLM and AQCF said in a statement after meeting FCA.

source https://finance.yahoo.com/news/fca-spend-nearly-1-billion-134233766.html?.tsrc=rss