Fiat has unveiled a new strategy that will cut 5,000 jobs at three Italian plants, while Chrysler is set to build Fiat, Alfa Romeo, and Lancia cars in North America for Europe.
Last November Chrysler said that it will build 270,000 units of Lancia and Alfa Romeo for Fiat by 2014.
Fiat's job cuts come as Fiat cuts its model offerings from 14 to nine.
-Anthony Alaniz
[Source: Chrysler]
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