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Fiat Chrysler may review $5.7 billion plan if Italy taxes diesel, petrol cars
MILAN (Reuters) - Fiat Chrysler (FCA) could review its 5 billion euro ($5.7 billion) Italian investment plan, which includes a shift to cleaner engines, if Rome raises taxes on petrol and diesel cars.

"Were these measures to be confirmed as of 2019, a thorough examination of their impact and an update to plans already announced would be necessary," FCA’s (FCHA.MI) Europe head, Pietro Gorlier, said in a letter to government representatives in the northern Piedmont region, where some of the new investment would be targeted.

In an amendment to the 2019 budget law passed in Italy’s lower house last week, the government approved subsidies of up to 6,000 euros for lower emission vehicles, but included a surcharge of up to 3,000 euros on petrol and diesel cars.


Posted by: Besoeker 2018-12-13
http://www.rantburg.com/poparticle.php?ID=529613