Fiat CEO explains ‘management centers’ scheme, Turin base to keep central role

Article by Christian Andrei, on February 8, 2011

In statements to politicians, Fiat S.p.A. has reportedly said that it will have four management centers, with the central role staying with the Italian city of Turin, its historical base, according to several Italian newspapers.

Last Friday, Fiat CEO Sergio Marchionne said that its headquarters may be transferred to the U.S. after a merger with its affiliate Chrysler in two to three years. But Marchionne didn’t waste a lot of time before making clarifications to government and regional politicians.

On Saturday, Italy's Welfare Minister Maurizio Sacconi said Marchionne has explained the reason for the plans, which refer solely to future possible company arrangements and that have yet to be decided.

In a statement issued after Sacconi met with Marchionne, it was revealed that no changes are planned with regards to the location of management and planning activities of the company in Turin. On Sunday, Fiat Chairman John Elkann called Turin Mayor Sergio Chiamparino, according to la Repubblica.

On Saturday, Chiamparino said that moving Fiat’s headquarters to the U.S. would be unacceptable. Mayor Chiamparino said that Elkann explained that “Fiat’s strategy foresees the integration with Chrysler” and that management centers will be located where there’s a strong market presence.

Elkann had supposedly said that the management centers will be found in Turin, Detroit, Brazil, and there may be one in Asia too. [via autonews - sub. required]

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