Fiat (FIATY.PK) will invest more than €1B ($1.33B) in order to produce two compact SUV models at...

|About: Fiat Chrysler Automobiles NV (FCAU)|By:, SA News Editor

Fiat (FIATY.PK) will invest more than €1B ($1.33B) in order to produce two compact SUV models at a factory in Italy. One of the SUVs will be a Fiat and the other will be a Jeep model, according to the company. European automakers continue to eye the resilient upscale market on the continent while gingerly looking for avenues for profits.