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

Article by Christian A., 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:

Comments

Recommended

The BMW 7 Series is already highly sought after but nonetheless, the German marque is giving it a more exclusive variant for the Russian market, and they are calling it...
by - October 20, 2017
Several automakers including Porsche, Volkswagen, Smart and even Land Rover have all been victimized by cheap Chinese copycats. And if you haven’t seen it yet, the most recent one would...
by - October 20, 2017
The Mercedes-Benz G-Class has been around for quite some time now but to bid it farewell, the company has launched the Mercedes-AMG G65 Final Edition. Mercedes will only build a...
by - October 20, 2017
Have you ever wondered what you can you buy with $9,365 in your pocket? Well, you have quite a lot of options. In fact, you can even purchase a used...
by - October 20, 2017
The Audi A7 Sportback, whether you would like to call it a sportback or a four-door coupe, has always been a beautiful car. And this week, the 2019 model year...
by - October 20, 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