Sabato, 20 Ottobre 2018

Auto sector a 'disaster,' says Fiat CEO


(ANSA) - Turin, September 24 - Maintaining that his
company's financial health is sound, Fiat CEO Sergio Marchionne
said Monday that "anyone operating in the automotive sector in
Europe today is experiencing varying degrees of unhappiness. The
European car market is a disaster".
Responding to criticism last week by Tod's founder Diego
Della Valle who accused managers and owners of Fiat for making
poor decisions, Marchionne said that reasearch and development
investments for one company does not necessarily apply for
"I do not make bags, I make cars. What he (Della Valle)
invests in one year of research and development wouldn't even
make the corner of a fender. He needs to stop pestering," said
Della Valle also said that Fiat was "making the choices
that are most convenient for them, without taking into
consideration the interests or the needs of the country, a
country that has given much, very much, perhaps too much to
Marchionne closed Monday's assembly by saying, "I confirm
Fiat's commitment to this country".

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