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FCA reviewing Italy plan after new taxes for polluting cars

Reuters  |  DETROIT 

By Nick CareyDETROIT (Reuters) - Fiat Chrysler Automobiles NV is reviewing its investment plan for Italy after the country approved taxes on the purchase of larger gasoline and diesel cars, Chief Executive Officer Mike Manley said on Monday. The carmaker said in late November it would spend more than 5 billion euros ($5.7 billion) on new models and engines in Italy over the next three years to try to make better use of factories and boost jobs and margins.In December, however, Italy approved measures to offer subsidies of up to 6,000 euros to buyers of new low-emission vehicles while ...

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First Published: Mon, January 14 2019. 23:43 IST
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