Sunday, February 6, 2011

Chrysler merger Fiat, Marchionne: "The management is in Turin"

The management of the industry to be born from any merger of Chrysler and Fiat will be based in Turin. Sergio Marchionne has assured the Minister of Labour Maurizio Sacconi. But let's see what is succcesso. In recent days to the Chrysler Fiat had launched the idea of a merger between Chrysler and Fiat to start when it had finished paying the debt to the U.S.

government: "Over the next 2 or 3 years we could try to build a single entity which could be located here in the United States. " Obviously, the hypothesis of a possible relocation of the leadership in Detoit sparked the inevitable reaction from the world of politics and trade unions, rightly concerned by the possible departure from Turin.

Susanna Camusso, CGIL, said: "It 's time for a discussion of industrial policy, the government had to ask for guarantees to Fiat. Because the operation there seemed to be shifting to the U.S.: I think that this declaration of Marchionne confirms all the concerns we had. " Equally hard Maurizio Landini, Fiom: "It is confirmed that the will of the fiat and not 'to boost production and design in our country and remains the risk that wants to leave Italy." Rocco Palombella, Uilm, assessed Marchionne's words as "wrong, inappropriate, offensive to a country that still continues to invest in the future of the Group and he does so because it believes that the thinking head of Fiat in Turin remains" too the political world, especially the left one has reacted angrily to the idea of transfer Detoit.

Pierluigi Bersani, secretary of the Democratic Party, said: "I was minister, too. Marchionne I would call and say: After having explained how to organize shifts and breaks, will you tell us what's going on prospects with Chrysler? ". "I would not - he continued - for the 150th anniversary of the unification of Italy, Turin Italy for the gift is to become the suburbs of Detroit.

Because we are not at all agree. We want answers on investment. " Antonio Di Pietro, Italy of Values the possible shift in Detroit is "a very serious operation of industrial collapse in our country. Fiat continues to live on Italian public money and financial resources, but unlike the past, is using them to move the head of the company in the U.S.

and production in low cost countries. " As a consequence of this, Marchionne had to clarify (or correct if you prefer) the meaning of his words. And he did it in a call to the Minister Sacconi. The same at the end of the interview he stated that those AD Fiat should be read as mere speculation, "Marchionne explained the meaning of the assumptions made only with respect to future possible, but by no means decided, corporate structure, without any reference it 'for now it' for tomorrow to a different location and design of executive functions of the company.

A vague hypothesis is not a decision. It can not therefore give rise to the usual festival of Cassandre. But one thing is certain: all of Italy, in its institutional components as well as social consensus, has earned the right to preserve and project management functions "A misunderstanding then? Maybe.

We say maybe not because the specific question and all the latest statements by Marchionne are structured according to dynamics apparently from the political (state followed by a correction as a result of possible reactions.) As for the last words of the President of Fiat, John Elkann, the mayor of Turin Sergio Chiamparino.

The latter is then intervened in the affair by stating that "Elkann said Fiat's strategy will be integrated with Chrysler and that there will be more business centers in areas where there is a strong market presence: one in Turin for the ' Europe, one in Detroit for the U.S., one in Brazil and possibly one in Asia.

" So in a sense, the truth lies "in the middle." Turin will remain a cornerstone of the resulting equation and the Lingotto Fiat + Chrysler. But in Detroit, most likely, have no intention of giving up the reins at Turin with respect to certain decisions. Hence the possibility of a future company with two heads.

Brazil and Asia? At the moment they appear depistanti elements: first to understand what will happen to Brasilia and Beijing, you have to give the concrete foundation to the 'axis Detroit-Torino "and understand what the dynamics of command between the two poles.

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