FCA concern plans to significantly reduce the Fiat and Alfa Romeo brand lineup, getting rid of a number of budget models.
FCA concern head Sergio Marchionne announced to the press that the company is discontinuing several model lines at once. These include the Fiat Punto, Fiat Tipo, and Alfa Romeo Mito.
The updated development plan involves shifting focus to premium cars for buyers in Europe. At the same time, production capacity will be retained for the Fiat 500 line and the Panda model.
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