Sergio Marchionne says that Fiat-Chrysler will see a big success in… 2013

Article by Christian Andrei, on December 8, 2011

The big year for the combination of Fiat SpA and Chrysler Group will be 2013 and not 2012 as previously reported. Sergio Marchionne, who heads both companies, will offer Alfa Romeo in the U.S. once again. A series of new Chrysler will also be launched in 2013. In a Reuters interview, Marchionne said that “for a variety of reasons,” all these will be done in 2013.

Presently, Fiat owns over 50% of Chrysler, with the remaining portion owned by the retiree healthcare trust affiliated with the UAW. Marchionne divulged that it’s likely for Chrysler to have an initial public stock offering in 2013 as the UAW aims to cash out or cut its shareholdings. Marchionne revealed that he is "guardedly optimistic" that European leaders will succeed at controlling the euro to boost confidence in the currency.

He added that within 30 to 60 days, the euro should get back its credibility and the international financial markets would get enough support to move forward. Fiat has five plants in Italy that are only losing money.

However, Marchionne said that new Prime Minister Mario Monti have implemented austerity measures. He also said that Fiat hopes to get more clarity on the currency crisis in Europe before exploring other investment plans in the euro zone. [source: Reuters]

If you liked the article, share on:


Login or Create new account to add a comment!


It wasn’t too long ago when Maserati took the wraps off what appears to be the most gorgeous concept coupe ever made. The Alfieri coupe premiered at the 2014 Geneva...
by - October 23, 2016
Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016