News Formal

Italy's industry ministry pledges tax benefits for Fiat for hybrid car development

  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Italy's industry ministry pledged 27 million euros in tax benefits for Fiat...

FILE PHOTO: The logo of Fiat carmaker is seen in Nice, France, June 3, 2019. REUTERS/Eric Gaillard/File Photo

ROME - Italy’s industry ministry pledged 27 million euros in tax benefits for Fiat Chrysler for the production and development of hybrid and electric cars in three of its Italian productions sites. The agreement signed on Tuesday offers incentives for the purchase of equipment for the plants of Melfi, Orbassano and Turin-Mirafiori, and is part of a broader program of investments in innovation and research worth almost 140 million euros , to be completed by 2022.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It'll be cute and some colour like puce like all Fiat s🤗

Does that fall within the rules of state aid? Or is that just another EU opt out on a selective basis?

Excellent

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fiat Chrysler, PSA tell employees they will sign merger agreement in coming weeksFiat Chrysler and Peugeot-owner PSA told their employees they would sign a bindi... Hey, I’m an employee! It’s nice to hear these things on Twitter!!! smh Interesting.
Source: Reuters - 🏆 2. / 97 Read more »