FILE PHOTO: A Fiat Chrysler Vehicles (FCA) signal is seen on the U.S. headquarters in Auburn Hills, Michigan, U.S. Could 25, 2018. REUTERS/Rebecca Cook dinner

TURIN, Italy (Reuters) – Fiat Chrysler (FCHA.MI) plans to speculate 700 million euros ($788 million) in an electrical makeover of its iconic Fiat 500, a prime govt mentioned on Thursday, because the automaker seeks to maneuver on from its failed bid to merge with France’s Renault (RENA.PA).

FCA’s chief working officer for Europe, Center East and Africa, Pietro Gorlier, introduced the funding – the Italian-American firm’s largest single guess on an electrical car – at its Mirafiori plan in…

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