Fiat SpA, the Italian carmaker which controls Chrysler Group LLC, may shift planned production of Jeep and Alfa Romeo brand sport-utility vehicles from its oldest plant in Turin to North America and build a small city car at the factory instead, a person familiar with the matter said.
Fiat SpA’s head of sales, Andrea Formica, resigned after less than a year at the Italian carmaker after the company lost deliveries to competitors and remained unprofitable in Europe, its biggest market.
European industrial orders rose in April, as increasing demand in Germany helped counter a slump in France and Italy, suggesting the euro region’s economic expansion maintained some momentum into the second quarter.
PSA Peugeot Citroen , Renault SA and Fiat SpA , the automakers relying the most on European sales, are being pushed by market leader Volkswagen AG into a price war that threatens their pledges to increase profits.
Fiat SpA , the Italian carmaker which runs Chrysler Group LLC, will invest 3 billion reais ($1.77 billion) to build a car factory in Brazil as it seeks to boost sales in the company’s second-biggest market.