Fiat Chrysler reviews Italy plan after new taxes on polluting cars

Fiat Chrysler Automobiles is reviewing its investment plan for Italy after the country approved taxes on the purchase of larger gasoline and diesel cars, CEO Mike Manley said.

FCA said in late November it would spend more than 5 billion euros ($5.7 billion) on new models and engines in Italy over the next three years to try to make better use of factories and boost jobs and margins.

In December, however, Italy approved measures to offer subsidies of up to 6,000 euros to buyers of new low-emission vehicles while introducing taxes on the larger gasoline and diesel cars.