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|14th November 2008, 15:32||#1|
Join Date: Oct 2004
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Fiat Italy now affected by economic slowdown
As the economic downturn continues to bite Fiat Group Automobiles is to halt production at all its plants across Italy for periods during December and January as the national carmaker adjusts to the decreased demand for its cars.
During the factory shutdown periods the Fiat workers will be paid through the state-supported "cassa integrazione" scheme. This sees the laid off staff receiving their basic wages from a government sponsored fund plus further contributions from Fiat.
Last edited by psp62in : 14th November 2008 at 15:42.
|14th November 2008, 17:05||#3|
Senior - BHPian
Join Date: May 2007
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Anyways, its almost confirmed that Linea is coming on 23rd November 2008.
Entire European auto Industry is now facing the problem.
European Auto Industry Also Suffering from Dramatic Sales Decline - worldcarfans
|15th November 2008, 05:26||#5|
Join Date: Apr 2005
Location: New Delhi
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FIAT actually came out of problems not very long ago due to the Punto platform success across the globe. With all major manufacturers getting impacted due to the slowdown, FIAT would have a tough time due to a recent recovery as well.
Emerging markets like India may benefit out of the steady demand these economies present for manufacturers to bring excess inventory as CKD earlier than scheduled.
India too has lower demand than the boom generally during the festive season, so most players may play a wait and watch game.
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