Fiat Chrysler will be stronger by 2018 even if some goals are not met

Article by Christian A., on June 17, 2014

Fiat Chrysler would still be a stronger carmaker by 2018 than today even if the carmaker fails to achieve the forecasted sales figure of 7 million vehicles, remarked chief executive Sergio Marchionne. "The targets are the targets,” he said, suggesting that Fiat Chrysler would prosper, whether or not it fails to meet some of the ambitious goals he has set for the carmaker.

Marchionne unveiled in May a five-year business plan that sets a target of 7 million vehicles global sales and a five-fold surge in net profit. Several Wall Street analysts have expressed concern that Fiat Chrysler would fail to achieve its targets.

But Marchionne said the targets were set to rally his men to “greater heights.” He said that while people think that he crafted the plan for the capital markets, it is the irrelevant. He noted that the exercise of leadership requires the setting some “pretty bold objectives.”

He remarked the carmaker house needs direction – which is provided by the plan. He said this why he won’t quibble if he sold 400,000 Alfa Romeos or just 382,000. Fiat Chrysler is eyeing to sell 150,000 Alfa Romeos in North America by 2018 from the zero this year.

While Fiat Chrysler could expand increase Jeep production in United States by expanding existing sites, Marchionne said he can't deal with the volumes at issue now.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 2017
Now on sale in several major markets around the world including Europe, the BMW 5 Series (G30) heralds the arrival of the new seventh generation and represents a whole new...
by - February 19, 2017
Just recently, it was speculated that a new Porsche Cayman GT4 RS is coming. There is no official confirmation yet from the German sports car maker, but the arrival of...
by - February 18, 2017
Will there be a BMW M4 CS? Apparently, there is a Club Sport version of the BMWM4 after it was sighted in California doing a shoot for a new commercial...
by - February 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries