Fiat Chrysler will spend $5.7 billion to revamp Italy plants

The increased outlay will finance Fiat's plan to build a battery-powered Fiat 500 in Turin's Mirafiori factory (pictured). (REUTERS)

By:

Staff and wire reports

November 29, 2018 05:00 AM

MILAN -- Fiat Chrysler Automobiles plans to 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.

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