Fiat Chrysler to invest $540 million in new engines for Alfa Romeo

April 8, 2015 5:34 PM

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Fiat Chrysler to invest $540 million in new engines for Alfa Romeo

MILAN (Reuters) - Fiat Chrysler Automobiles (FCHA.MI) will invest more than 500 million euros ($540 million) to produce two new engines for its Alfa Romeo cars as part of a planned relaunch of the brand, the car group said on Wednesday.

Alfa Romeo is a core part of Fiat Chrysler's ambitious five-year 48 billion-euro turnaround plan.

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