Earlier this month, Marchionne called the tentative agreement "a historic turning point for Fiat and Fiat Industrial."The agreement, Marchionne said, gives the two companies the ability to use its factories more efficiently with greater flexibility for overtime.Fiat's labor talks took place against the backdrop of Italy's debt crisis and the growing recognition that the country must reform its economic and labor policies to compete globally.
Note EU-Digest: Marchionne also said Fiat Group, which owns 53.5% of Chrysler expects to post a 2012 trading profit of between 1.6 billion and 2.0 billion euros ($2.1 billion to $2.6 billion).
For more: Fiat gets early Christmas present from Italian labor | Detroit Free Press | freep.com
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