Fiat could announce plans as early as tomorrow to build some Chrysler and Jeep models in Europe for export to North America, a new report finds.
Fiat has been one of the hardest hit by Europe's declining auto market, leaving many of the Italian automaker's plants underutilized. In an effort to shore up its overcapacity issues, Fiat is reportedly considering a plan that would see some Chrysler and Jeep models built in Europe and shipped to the North American market.
According to Bloomberg, Fiat is in the final stages of deciding on the matter and company CEO Sergio Marchionne could make an announcement on the subject as soon as Tuesday. The Italian government is also evaluating the plans and would likely offer tax rebates to help Fiat along.
However, it remains unknown when such a plan might actually be put into action. It also remain unclear which vehicles are under consideration for the export plan, although an upcoming B-segment Jeep seems like an obvious candidate. That model is set to ride on a Fiat-sourced chassis.
Be sure to check back tomorrow for any new developments.