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9/26/2019, 4:34 PM (Source: TeleTrader)
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Fiat's Maserati to invest €1.6B in new models

Maserati, Fiat Chrysler’s luxury brand, said on Thursday it will invest around €1.6 billion in order to make its first hybrid and electric models.

The investment is part of a plan worth €5 billion, that should be spent in Italy between 2019 and 2021, and it includes creating a new super sports car and a new sport utility vehicle.

The company said the new super sports model would be produced in 2020 at its plant in Modena while the new SUV production will start in early 2020 in Cassino.

Fiat will have to pay up to €30 million of tax because the EU court on Tuesday rejected its appeal.

Breaking the News / TF