Lunedì, 22 Ottobre 2018
TURIN

Italian political uncertainty weighing on Fiat, CEO says

English
© ANSA

Turin, April 9 - Italian carmaker Fiat SpA's chief
executive on Tuesday said he isn't giving up on the firm's home
country even as the continuing political crisis has a price.
During the company's annual general shareholder meeting in
Turin, Sergio Marchionne said he was worried about the effects
of political uncertainty, "which weighs on the company's
financing costs: the more the crisis continues, the more it
weighs (on borrowing costs), but there is no change in our plans
nor do we plan to make any modifications".
During the meeting, Marchionne also said that Fiat could
have "closed one or more plants in Italy" but instead searched
for "an equilibrium point between industrial logic and social
responsibility. This is the reason why we chose the route of
courage and responsibility as opposed to the easier one".
The chief executive of Italy's largest private employer
added: "The country is passing through a difficult phase. We are
perfectly aware that the commitment we've undertaken is huge,
even more so in a context of uncertainty like the current one.
"But we have never stepped back and we don't intend to do
so now, in such a delicate moment".

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