It’s no secret that Fiat is in dire straits right now. Its CEO, Sergio Marchionne, is counting on increased productivity and U.S. sales, but he’s also prepared to close down two Italian plants if push comes to shove.
According to Reuters, Marchionne and Fiat Chairman (and Gianni Agnelli grandson) John Elkann will meet with the Italian Prime Minister Mario Monti and, subsequently, with Labor and Industry Ministers, Elsa Fornero and Corrado Passera, today to discuss the group’s plans concerning its local operations.
Monti is no stranger to Fiat as he has is a friend of the Agnelli family and was on the company’s board from 1988 until 1993. However, it's the first time that he will meet with its management as a Prime Minister.
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