Fiat chief executive Sergio Marchionne has told unions the automaker is working on a new business plan for Italy to present on 30 October, Fismic union leader Roberto di Maulo said.

Leaders of Cisl and Uil labor unions who also attended a meeting said Marchionne assured them Fiat did not plan to close any of the five factories in Italy, Reuters reported.

On 22 September, a Fiat source had told the news agency the carmaker’s board would not discuss an industrial plan on 30 October when the company is due to release third-quarter results and update its financial targets to reflect the effects of Europe’s prolonged slump in car sales.

“Marchionne told unions that Fiat is working on a new industrial plan for Italy based on the current economic outlook and that it will be presented 30 October,” di Maulo told Reuters.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now