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Fiat Chrysler reviews Italy plan after new taxes on polluting cars

Reuters  |  DETROIT 

DETROIT (Reuters) - Fiat Chrysler (FCA) is reviewing its investment plan for Italy after the country approved taxes on the purchase of larger petrol and diesel cars, CEO Mike Manley said on Monday. The carmaker said in late November that 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 introducing taxes on the larger petrol and ...

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First Published: Mon, January 14 2019. 23:26 IST