Fiat Chrysler is planning to invest approximately €100 million in its Turin, Italy research base.
FCA is currently looking to reach an agreement with the Italian Ministry of Economic Development to finalize a deal that would see it receive funding to drive the investment. Italy’s Piedmont Region currently has €68 million available for the enhancement of research and other development processes.
The automaker’s Centro Ricerche Fiat serves as its main research hub and is focused on the development of powertrain systems and researching connected vehicles and alternative fuels. It currently employs around 900 workers and is taking on over 122 different research projects.
The €100 million investment will also contribute to FCA’s other research endeavors in Italy. Its Campania and Abruzzo research centers will benefit from the influx of cash, as well as its Modena research center where the Alfa Romeo Giulia and Stelvio’s Girogio platform was developed. FCA’s Pomigliano and Puglia research centers will also be affected.