Fiat to invest 250 mln eur in Polish unit, launch new model |
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Wed, 21 Mar 2007 16:48
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WARSAW (AFX) - Fiat SpA plans to invest 250 mln eur in its Polish unit in 2007, the majority of which will be spent launching a new version of the Fiat 500 model, said Polish news agency Puls Biznesu.Fiat Auto Poland (FAP) CFO Czeslaw Swistak said: 'This year, we will spend 250 mln eur in Poland. Two thirds of this amount will be connected with the production of the 500 model.'This year, 58,000 Fiat 500 cars will be produced at its Tychy site in southern Poland. In 2008, production will rise to 120,000.'This is the minimum level. If the car sells well, production could be raised to 160,000-170,000 items annually,' Wojciech Halarewicz, FAP sales director added.newsdesk@afxnews.comslj/jsaCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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