Market Report, "Italy Autos Report Q2 2012", Published
BMI believes that the collective labour agreement signed between Fiat and its 86,000 Italian work force in December 2011 - calling for increased shifts and shorter breaks in exchange for a EUR20bn investment at its Italian facilities - addresses only one of the issues confronting Fiat's Italian operations. Hurt by its poor model line-up and consequent decline in popularity, as well as high production costs, Fiat posted a 12% decline in European sales and a drop of nearly 20% in...
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