Mercoledì, 24 Ottobre 2018
TURIN

Marchionne 'has our full support' says Elkann

English
© ANSA

(ANSA) - Turin, September 18 - Fiat CEO Sergio Marchionne
has the full support of the automaker's owners as he undergoes
pressure after announcing the company would call off billions of
euros of investments in Italy, Fiat President John Elkann said
Tuesday.
"The family is absolutely behind him," said Elkann, the
heir of Fiat founder Gianni Agnelli, following the family's
quarterly gathering. "We are all extremely united and our
support for Marchionne is enormous".
Premier Mario Monti is scheduled to meet with Marchionne
Saturday regarding last week's announcement that the company's
2010 Fabbrica Italia plan to invest some 20 billion euros in
facilities in Italy over five years was no longer valid given
the current climate, sparking alarm among trade unions and stiff
criticism of Marchionne from several quarters.

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