Lunedì, 22 Ottobre 2018

Marchionne says Fiat grew globally out of necessity


Florence, June 13 - Fiat Chief Executive Sergio
Marchionne said Thursday that the Italian automaker chose to
expand globally out of necessity.
Speaking to journalists in Florence at a meeting of
regional industrialists, Marchionne said the Turin-based
carmaker overcame its own crisis since 2004 by choosing to
"become stronger" and "overcoming isolation" that "would have
damaged" the company, and thus implied that the group's recent
mergers, with Chrysler in 2009 and machinery multinational CNH
this year, were not optional.
"If it had remained the same Fiat of old, we would have
taken the books into court (for bankruptcy proceedings) some
time ago," said Marchionne.
"We have created work and well-being, and we continue to
invest and believe in Italy," Marchionne added.

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