Fiat’s 5-year plan receives positive feedback

Article by Christian A., on August 27, 2010

The global economic downturn has not dampened Sergio Marchionne's intent to give Fiat S.p.A. and Chrysler Group the global reach and scale that is required for them to flourish.

Nonetheless, President Om has talked about the new five-year plan Sergio Marchionne enumerating how the company will rise after taking a beating from the economic crisis, the worst in 60 years. Analysts have come out to say that the plan has the potential to work.

Marchionne, who is CEO of both carmakers, introduced this strategy in Fiat's home city of Turin, Italy.

Fiat and Chrysler are expected to build 6 million vehicles a year, the number that Marchionne thinks volume makers need to reach to survive in the global auto market.

In a move that's seen as a prelude to a separation, Fiat will be spinning off its Iveco trucks and CNH tractors divisions to separate them from its core carmaking business.

Analysts have said that this move is a prelude to integrating Chrysler within Fiat and possible new alliances or partnerships with other automakers.

While analysts think that Marchionne's strategy is ambitious, many regarded this plan to be mostly positive.

However, some are concerned with the concentration of production in Fiat's Italian home market and if the company can hit its goals in emerging markets such as China and India where it is weak. [via autonews]

Topics: fiat, plan

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