Cars
Fiat CEO Sergio Marchionne may have succeeded in signing a deal with the Italian worker unions, yet decreasing demand in the struggling European market may still force him to take extreme measures.
- Fiat-chrysler Ceo To Meet With Italian Pm Amid Fears About Automaker's Future In The Country
On Tuesday, two days after two government ministers asked Fiat to clarify its plans, the Italian government announced Prime Minister Mario Monti would meet with Fiat and Chrysler CEO Sergio Marchionne on Saturday, September 22, to talk about the company’s...
- Fiat Management To Meet With Italian Prime Minister To Discuss Its Future
It’s no secret that Fiat is in dire straits right now. Its CEO, Sergio Marchionne, is counting on increased productivity and U.S. sales, but he’s also prepared to close down two Italian plants if push comes to shove. According to Reuters,...
- Fiat Group Signs Deal With Italian Union On Labor Pact
With Fiat shares losing 30% of their value in the first nine months of the year, the company's sales hitting a 20-year low point in Italy, its European market share shrinking from 8.2% to 7.3% and all of its domestic plants recording losses, CEO...
- Fiat Still Keen On Moving Headquarters From Italy To The Usa, Or So It Claims
In February, at an industry conference, Fiat SpA and Chrysler LLC Chief Executive Officer Sergio Marchionne suggested that that the Italian automaker could eventually merge with its Detroit counterpart and move its corporate headquarters from Turin,...
- Fiat To Chrysler: We'll Scrap The Deal If Unions Don't Cut Costs
In an interview with Canadian newspaper Globe and Mail that was published on Wednesday, Fiat Group's CEO Sergio Marchionne said that the Italians are going to abandon talks with Chrysler LLC unless the American automaker's unions agree to perform...
Cars
Marchionne Says Fiat May Close Two Italian Plants if U.S. Export Plans Fail
Fiat CEO Sergio Marchionne may have succeeded in signing a deal with the Italian worker unions, yet decreasing demand in the struggling European market may still force him to take extreme measures.
And while Marchionne does not expect the situation in Europe to improve “at least until 2014", on the other side of the pond, he said that Chrysler's plants are already at full capacity, necessitating imports from the group’s factories in Canada, Mexico or Europe to satisfy a third of U.S. demand.
Therefore, as he told Italian newspaper Corriere della Sera, it’s a perfect opportunity for Fiat’s Italian plants to increase their production and make up for the drop in local demand by exporting models to the States.
Read more »- Fiat-chrysler Ceo To Meet With Italian Pm Amid Fears About Automaker's Future In The Country
On Tuesday, two days after two government ministers asked Fiat to clarify its plans, the Italian government announced Prime Minister Mario Monti would meet with Fiat and Chrysler CEO Sergio Marchionne on Saturday, September 22, to talk about the company’s...
- Fiat Management To Meet With Italian Prime Minister To Discuss Its Future
It’s no secret that Fiat is in dire straits right now. Its CEO, Sergio Marchionne, is counting on increased productivity and U.S. sales, but he’s also prepared to close down two Italian plants if push comes to shove. According to Reuters,...
- Fiat Group Signs Deal With Italian Union On Labor Pact
With Fiat shares losing 30% of their value in the first nine months of the year, the company's sales hitting a 20-year low point in Italy, its European market share shrinking from 8.2% to 7.3% and all of its domestic plants recording losses, CEO...
- Fiat Still Keen On Moving Headquarters From Italy To The Usa, Or So It Claims
In February, at an industry conference, Fiat SpA and Chrysler LLC Chief Executive Officer Sergio Marchionne suggested that that the Italian automaker could eventually merge with its Detroit counterpart and move its corporate headquarters from Turin,...
- Fiat To Chrysler: We'll Scrap The Deal If Unions Don't Cut Costs
In an interview with Canadian newspaper Globe and Mail that was published on Wednesday, Fiat Group's CEO Sergio Marchionne said that the Italians are going to abandon talks with Chrysler LLC unless the American automaker's unions agree to perform...