Within the year, Lingotto should conclude an agreement to build a new factory near St. Petersburg – The Russian market is one of the most promising for the Turin company.
Fiat reached agreement for build a factory near St. Petersburg and strengthen itself in a market, the Russian one, which records double-digit growth rates and on which the Turin-based company is strong in the agricultural machinery sector. The group led by Sergio Marchionne will finalize the agreement for the new production site by the end of the year.
Meanwhile, Fiat shares lost 2,10% on the Stock Exchange today at 4,292 euros per share.
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
