Financial Times FT.com

Rome offers €450m aid to Fiat plant investors

By Vincent Boland in Milan and Giulia Segreti in Rome

Published: February 17 2010 16:46 | Last updated: February 17 2010 16:46

The Italian government could provide up to €450m ($613m) in infrastructure investment and other aid to investors as it seeks to find alternative uses for an ageing Fiat car plant in Sicily to preserve jobs and the local economy.

Fiat is set to halt car production at its Termini Imerese plant on the island in 2011 and shift the business to other sites in Italy. The decision has created a political problem for the government ahead of local elections across Italy at the end of March.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this