Robots of the brand new Fiat 500 BEV line in the course of the ceremony to mark the set up of the primary robotic on the manufacturing line for the brand new electrical Fiat 500 BEV on the Mirafiori industrial advanced on the 80th birthday of the plant in Turin, Italy July 11, 2019. REUTERS/Massimo Pinca

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

FCA (FCHA.MI) chief working officer for Europe, Center East and Africa, Pietro Gorlier,…

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