Fiat plans to make 4.5 billion euros ($US4 billion) in savings over the next three years through restructuring and disposals and could move some car production to central or Eastern Europe, the Financial Times (FT) said.
Fiat has further revised a restructuring plan announced last December, adding an additional 700 million to one billion euros of cost cuts which could see Punto assembly transferred from Italy to lower-cost plants in Poland and Turkey, the FT said.
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Fiat’s board is due to discuss the proposals later this month, before the company’s annual meeting in Turin, the newspaper added.
