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FCA to invest 700m euros for electric production

July 12, 2019 00:00:00

TURIN (Italy), July 11 (Reuters): Fiat Chrysler will invest an overall amount of 700 million euros ($788 million) to build a production line for the new electric version of the 500 model (BEV), a top group executive said.

FCA on Thursday installed the first robot of the future electric 500 assembly line in its historic plan of Mirafiori, in Turin, which will produce 80,000 unit a year, starting from the second quarter of 2020, said Pietro Gorlier, FCA's chief operating officer for Europe, Middle East and Africa.

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