TURIN - Fiat has restructured its powertrain and purchasing operations in advance of merging them with General Motors.
Newly formed Fiat Auto Powertrain Italia will employ 10,000 people from Fiat's engine and gearbox plants around the world.
By the end of the year, Fiat Auto Powertrain Italia, together with 4,000 people from Fiat's powertrain operations in Brazil, Argentina, Poland and India, will merge with GM's European and Latin American powertrain operations.
Fiat powertrain boss Nunzio Pulvirenti will be CEO of the new joint venture, which will be based in Turin. The chairman will be named by GM.
Fiat Auto Purchasing Italia will include Fiat's purchasing staff in Italy, Latin America, Poland and India. The unit will merge with GM Europe purchasing by the end of the year.
The combined operation will be based at GM's Opel headquarters in Russelsheim, Germany. Fiat purchasing boss Tommaso Le Pera will be chairman of the joint venture. GM will appoint the CEO.