TURIN, Italy, Jan. 18 (UPI) -- Automaker Fiat said it is ready to raise salaries for its Italian workers to German worker levels and share profits if they help lower production costs.
Fiat Chief Executive Officer Sergio Marchionne said factory-specific accords such as one reached recently at its Turin facility and the Pomigliano d'Arco plant near Naples are needed to boost productivity at Italian plants to move forward with plans to invest $26.7 billion in Italy over the next five years, Italian news agency ANSA reported Tuesday.