Silk-FAW Axes Plans To Build Supercar In Italy | Carscoops carscoops
prosecutors were investigating Silk-FAW and that just last week, tax police visited the officers of an Italian procurement agency, Invitalia. This agency had documents on an application by Silk-FAW seeking €38 million in public funding to build its Italian factory.
The future of the planned production site has been in question for quite some time. Indeed, the head of economic development in the Emilia-Romagna regional government, Vincenzo Colla, toldin July last year that the local government was “worried,” noting that Silk-FAW’s “financial flows” had not been up to the needs of establishing such a site.Silk-FAW quickly responded to these concerns, revealing that it was moving ahead with its plans.
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