The group, under Paolo Fresco, the chairman, and its chief executive, Paolo Cantarella, has begun a restructuring involving job cuts of 3, 000 in Italy, where Fiat's problems are most severe, and where it faces a price war.
Consider why so many governments have tried to block foreign takeovers of big firms, says an EU adviser: in a crisis, governments think they can control domestic employers, making them postpone restructuring and job losses in return for help.