Fiat Chrysler plans to invest 700 million euros ($788 million) in an electric ma...
FCA’s chief operating officer for Europe, Middle East and Africa, Pietro Gorlier, announced the investment - the Italian-American company’s biggest single bet on an electric vehicle - at its Mirafiori plan in Turin, northern Italy.
He said FCA would invest the 700 million euros to build a new production line at Mirafiori to turn out 80,000 of the new 500 BEV, its first battery electric vehicle to be marketed in Europe after a smaller, initial foray in the United States. The 500 compact car is one of the group’s most famous models, launched by then Fiat in the late 1950s and quickly becoming a symbol of Italian urban design.
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