Government confirms Fiat's Tychy investment plans, Fiat doesn't
22:50
Fiat Auto Poland will invest some PLN 2.36 billion into the production of a new car model in Tychy and Bieruń in southwestern Poland, the Polish government has said, confirming earlier media reports. The land on which the Fiat factory is located will be included in the Katowice Special Economic Zone.
Fiat will produce a new, yet unnamed, passenger car in the factory, from the B segment, the government said on Tuesday. Some 96 percent of the output will be exported. The investment will create 420 new jobs and maintain some 3,000 existing jobs. The project is due to be completed on December 31, 2017.
The Katowice Special Economic Zone was expanded by a total of 343 hectares. Total investment in the newly added areas will amount to PLN 3.42 billion.
UPTADE: “In our recently published, global investment plan, we did not include any specific details regarding our Polish investments,” Fiat wrote in press release.
