Monday, December 9, 2013

Fiat set to invest $12B on new models, stop Euro losses in 3 years

Fiat set to invest $12B on new models, stop Euro losses in 3 years

Naturally, you'd expect a massive automaker like Fiat to have an in-depth plan to exit the current European-market doldrums, and you'd expect that plan to include plenty of new vehicles to attract those precious buyers that still remain despite the financial downturn. And you'd be right, though Fiat does seem to have a few unexpected twists up its corporate sleeve. Perhaps the biggest shocker is a report that Fiat will completely drop the Punto, a car with mass-market appeal aimed at small-car buyers cross-shopping the popular Volkswagen Polo.

Autoblog , Fiat set to invest $12B on new models, stop Euro losses in 3 years, Fiat set to invest $12B on new models, stop Euro losses in 3 years