Fiat has some serious problems in Italy. After a disastrous 2009, when the Italian automaker posted important losses, CEO Sergio Marchionne decided that the only way he could turn the company around is by taking drastic measures. And drastic measures were taken, as the CEO decided to completely shut down Fiat’s Termini Imerese factory in Sicily and temporarily shut down all plants in Italy for two weeks.
Though the Italian government and the Fiat workers are pressuring Fiat to continue produ… (read more)