
REMINI, Italy, Aug. 20 (UPI) -- Italy's Industry Minister Corrado Passera said Monday that he asked automobile company Fiat to explain its plans, considering the economic slowdown.
In July, car sales in Italy fell 20 percent compared to July 2011. As it is Italy's largest automaker, union workers, politicians and others are eager to hear clear plans Fiat might have while sales are at a 33-year low, ANSA reported Monday.
"We hope that in the next weeks the company provides us and the country with an explanation of their plans," Passera said at the annual meeting of the Communione e Liberazione in Remini, Italy.
Passera was asked if the government planned to meet with company officials to discuss the economic situation.
"It's not a question of meetings. (But) we need to follow the matter and to understand," he said.
|
|
|
|
|
|
| Additional Business News Stories | |
BRUSSELS, May 22 (UPI) --
The European Union will carefully weigh the risks of shale gas development this year but also needs to stem high energy prices, the EU's energy chief says.
|
SANTIAGO, Chile, May 21 (UPI) --
More than $4 billion of cash reserved for Chilean military procurement remains unspent because of mysterious workings of funding arrangements.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption