Italian-American carmaker Fiat Chrysler to invest $203mn in Poland in e-vehicle push

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Italian-American carmaker Fiat Chrysler to invest $203mn in Poland in e-vehicle push

Fiat Chrysler Automobiles NV, the London-headquartered Italian-American carmaker which had agreed to a $38-billion merger with French carmaker PSA last year aimed at becoming the world’s fourth-largest automotive industry giant, had been set to lay off as many as 755 million Polish Zlotys or $203 million on its Polish manufacturing hub in Tychy in a bid to expand the production lines of its e-vehicle fleet, Poland’s Deputy Prime Minister Jaroslaw Gowin said in a statement on Tuesday.

On top of that, Gowan had also added that the London-based carmaker would create a new production line for its hybrid and electric jeep in Tychy, while the Polish FCA factory would assemble Fiat and Alfa Romeo models.

FCA set to invest $200 million in Polish assembling factory

In point of fact, latest move from the Italian-American automotive industry behemoth came up as a boost to the Europe’s largest emerging-market economy, which had been lavishly languishing amid a pandemic outbreak in large, while the country had long been on the lookout of a fresh funding to switch into electric vehicles, which in effect would help an imperilled Polish automotive industry catch up with regional rivals likes of Slovakia and Czeck Republic.

Meanwhile, adding that the London-headquartered automaker had plans for further investments in the country, Gowin wrote in a tweet earlier in the day, “Modern, hybrid and electric cars of the Jeep, Fiat and Alfa Romeo brands will start to leave the factory in Tychy in 2022”.

Aside from that, in a separate statement, FCA had confirmed late in the day that its new hybrid and all-electric jeep, Alfa Romeo alongside Fiat models would be manufactured in Tychy, the Italian American carmaker’s one of the largest production hubs situated in the country’s southern region of Silesia employing more than 2,500 workers to-date.

In tandem, FCA was quoted saying in the statement that the company was expected to begin early preparations for the expansion alongside a modernization of the plant as early as by late-2020.