Fiat to invest almost 1 billion euros to make Maserati SUV at Turin factory: unions
ROME (Reuters) - Italian carmaker Fiat (FIA.MI) told union leaders on Wednesday that it would invest just under 1 billion euros by the end of next year to begin producing a Maserati SUV at its Turin Mirafiori factory.
Fiat's CEO Sergio Marchionne confirmed that it would make promised investments in 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.
(Reporting by Alberto Sisto; writing by Steve Scherer)
NEW YORK - U.S. stocks rose on Friday after a stronger-than-expected payrolls report gave traders confidence that the economy could be healthy enough to withstand a scaling back of the Federal Reserve's stimulus.
SAN FRANCISCO - At Pinterest, the four-year-old online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female. But the company's board of directors is 100 percent male. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.