Rome

Monti denies Fiat requested, or obtained, aid

Government met carmaker's CEO on Saturday

Monti denies Fiat requested, or obtained, aid

(see related story) (ANSA) - Rome, September 24 - Premier Mario Monti on Monday denied press reports that Fiat had requested, or obtained, aid at a meeting with CEO Sergio Marchionne on Saturday. "The meeting with the management of Fiat was long and being as it was not served by official statements or Twitter comments, I understand that those who had to work on covering it used their imagination," Monti said. "But no help was requested. "The government did not commit itself to giving financial aid to Fiat but it pledge to safeguard Fiat's presence in Italy and its research resources". The government called for the weekend meeting after Fiat said it had revised its plans to invest around 20 billion euros in Italy in a five-year period because of the crisis of the European auto market. Marchionne reiterated that Fiat does not intend to abandon Italy. But trade unions and the main centre-left Democratic Party have said Fiat has not been sufficiently clear about its investment plans in Italy. photo: CEO Sergio Marchionne.

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