MILAN Jan 2 Italy's industry minister said on
Thursday Fiat's $4.35 billion deal to gain full control
of Chrysler Group LLC was a premise for it to complete
investments it had already planned in Italy.
"The agreement is the premise for the new Fiat-Chrysler
group to further consolidate its position in Europe and
internationally, putting the factories, know how and Italian
technology at the centre of its growth strategies," Industry
minister Flavio Zanonato said in a statement.
Fiat has said it plans to build Jeeps and a new line of Alfa
Romeos in Italy for export to markets in Asia, Latin America and
the United States to offset flagging demand in crisis-hit Italy
and to conserve jobs.