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

Article by Christian A., 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]

If you liked the article, share on:

Comments

Recommended

Hyundai Motor Group – including both Hyundai Motor and Kia Motors – has disclosed a wide-ranging plan to introduce 31 environment-friendly models in a new development roadmap that aims to...
by - August 22, 2017
Over a decade ago, Pagani took the Zonda to the Geneva Motor Show. The Zonda hypercar was then set to retire in 2013 together with the track-focused Revolucion. But here...
by - August 22, 2017
The newest Porsche Cayenne is scheduled be unwrapped by the end of the month after completing endurance tests worth 2.7 million miles. Since we are just a few weeks away...
by - August 22, 2017
This is the time of the year when automakers give us teasers and previews of their upcoming models. Now, it seems like BMW is ready to unveil the M5 (F90)...
by - August 22, 2017
It is quite common to revive classic cars if you have a lot of extra money. Models like the Jaguar XKSS and Aston Martin’s DB4 GT have been upgraded to...
by - August 21, 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