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Automotive News: Fiat Expected to Cut 5,000 Jobs; Honda Hybrid Orders Soar

March 24, 2010 /EIN PRESSWIRE/ Here are today’s top automotive stories from the EIN News media monitoring service:

Report: Fiat to Slash 15% of Its Italian Assembly Line Workforce
According to Italian newspaper La Repubblica, Fiat is expected to announce in its strategic 2010-2014 plan that it will cut up to 5,000 jobs in the country. The company employs 30,000 assembly line workers in Italy and 80,000 people in Italy in total. The carmaker is also expected to trim its car models from 12 to eight.

Read more at Automotive Industry Today:
Fiat News –

Honda Receives Big Boost in Hybrid Orders
Honda has received orders for more than 10,000 CR-Z hybrids in Japan, 10 times the company’s sales target. The company expects to sell as many as 50,000 units of the sporty hybrid worldwide when the car reaches North America and Europe by mid-2010

Read more at Hybrid Cars News Today:
Japan Hybrid Cars News –

Automotive Industry Today ( and Hybrid Cars News Today ( are services of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest automotive news from around the world, saving them valuable time they’d spend searching for information. New users to EIN News publications can enjoy a no-obligation, one-week free trial.

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