FIAT POWERTRAIN MOVING AHEAD WITH NEW TRANSMISSION PROJECT, WITH ITALIAN GOVERNMENT SUPPORT
June 1st, 2010
BY KEITH NUTHALL
FIAT Powertrain Technologies is moving ahead with a groundbreaking development of new dual-clutch transmissions, with the Italian government stepping forward with Euro EUR16 million in regional aid. The money will go to the Fiat subsidiary's plant in Verrone, Piedmont, northern Italy, having been approved by the European Union (EU) executive, the European Commission, which regulates such government handouts. The project is already under way, however, with Fiat Powertrain planning a EUR500 million investment in research, development and ...
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