ITALY: Fiat confirms four-unit restructure
Fiat Auto chief executive officer, Giancarlo Boschetti today confirmed a much-rumoured reorganisation that divides the company into four business units: Fiat/Lancia/Light Commercial Vehicles; Alfa Romeo; International Development; and Customer Services. Boschetti, recently appointed CEO, has promoted Gianni Coda from heading Latin American operations to run the new Fiat/Lancia/LCV business unit. The Financial Times said today that this acknowledged major improvements in Latin American market share and profitability, particularly in Brazil, up to last autumn#;s economic downturn, on Coda#;s watch.
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