FIAT's subsidiaries look to expand

The business climate has improved so much in the country that Fiat's subsidiaries in Poland, auto components manufacturers, etc, are consider widening their offer. Among them is Magnetti Marelli Poland, which "In case of Suspension Systems Polska involves constructing a new shock absorber plant. Automotive Lighting Polska meanwhile is looking to substantially expanding its current operations," informed Adriano Fontana, president of Magnetti Marelli Poland. Fiat representatives are convinced the country is a perfect market for their investments. "The main reasons are lower labor costs and close proximity to [large] German market. Second, Poland offers highly skilled workers," stressed Fontana. However, he was cautious to say that one of the country's flaws is its fiscal regulations, which Fontana said needs to be simplified. (Puls Biznesu, pp. 1, 6) M.M.