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Fiat under pressure on plant closures

Italy's government is putting Fiat under pressure to discuss its investment plans amid fears it could close some of its five car plants.

The Financial Times reported that Italy's industry and labour ministers have requested meetings with Sergio Marchionne ahead of the carmaker's third quarter results, due on October 30.

At that point Fiat is expected to announce a revised product plan, stating which plants will be allocated new cars.

Car registrations in Italy, Fiat's second largest market after Brazil, are down 20% this year and the carmaker's Italian assembly plants are running at below 50% capacity, reports the newspaper.

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