The Italian government has authorised a €155 million grant for Fiat SpA as part of the carmaker’s €1.25 billion 2003-2006 relaunch plan, according to Dow Jones Newswires.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The €1.25 billion investments are aimed at boosting Fiat’s facilities in central and southern Italy, the economy ministry reportedly said in a statement following a meeting of inter-ministerial committee CIPE.


“The measures are part of Fiat’s wider relaunch plan, which was approved by the government on Dec. 5, 2002,” the ministry said in a statement cited by Dow Jones.


The news agency noted that, on that day, prime minister Silvio Berlusconi’s centre-right government granted Fiat “crisis status,” allowing the company to finance 5,600 temporarily layoffs – partly with state money.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

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