Fiat Closing Lancia Plant in Sicily
The last Lancia Ypsilon has already rolled of the line, and the plant will be officially shut at the end of the year.
“The global auto sector has been suffering for years from chronic overcapacity,” Fiat Chief Executive Officer Sergio Marchionne said last week in London. “In Europe, the situation has now reached suffocation point.”
“One of my hopes is to find a will to achieve the economic stability in Europe, which will lessen the burden on the industry,” Marchionne said today in Brussels, where he joined with Daimler CEO Dieter Zetsche and Ford Europe boss Stephen Odell to discuss with the European Commission. “We need a healthy market” to be able to address the industry‘s “structural overcapacity.”
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This is only true for the old model; the new version pictured above is brand new and is built in the same factory as the Fiat500 in Tychy, Poland.