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Fiat to stick to Italian investment plan unless euro dumped

Political impasse not affecting carmaker's plans for now

05 March, 13:04
Fiat to stick to Italian investment plan unless euro dumped (see related stories) (ANSA) - Geneva, March 5 - FIAT CEO Sergio Marchionne said Tuesday that the carmaker had no immediate intention of changing its investment plans for Italy after the country's general election failed to produce a clear winner. ''We will continue to invest in Italy no matter how unstable its political situation, unless the government takes a drastic decision such as leaving the euro,'' Marchionne said at the Geneva motor show. Beppe Grillo, whose anti-establishment 5-Star Movement rocked the political establishment with a stunning showing in the election, has proposed holding a referendum on whether Italy should keep having the euro as its currency.

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