Fiat told Italian union leaders yesterady that it would invest about 1 billion euros by the end of next year to begin producing a Maserati SUV at its Mirafiori factory in Turin. Fiat’s CEO Sergio Marchionne confirmed that the automaker would make promised investments in its Italian factories, according to minutes from a Rome meeting with union leaders. The company also confirmed it would create a single luxury-car unit combining its Mirafiori and Grugliasco plants.
“We reached an accord with Fiat, which decided to free up investments in the Mirafiori factory where the Maserati SUV will be produced,” Luigi Angeletti, leader of the UIL union, told reporters after the meeting.
Marchionne said in January that he was considering assembling Maserati’s first SUV, the Levante, and Alfa Romeo models at Mirafiori. Fiat halted new investment in the country in July as it pushes Prime Minister Enrico Letta’s government to adopt reforms that would help manufacturers with clearer work rules.
