- London (CNN Business)Fiat Chrysler (FCAU) is cutting car production and temporarily closing four plants across Italy as the coronavirus takes its toll on the world’s eighth biggest economy.
- The move follows a decision by the Italian government to impose sweeping restrictions on travel and public gatherings as it tries to contain the worst outbreak of coronavirus, or Covid 19, outside China.
- Italy on Monday imposed widespread restrictions on travel and public life across the country, including closing schools, movie theaters, museums and gyms, and limiting opening hours for bars, restaurants and shops.