Tuesday, February 15, 2011

Marchionne: Fiat is in the heart of Italy

Fiat is an Italian company and this is going to remain for the foreseeable future. "We've said many times, the Fiat has no plans to leave Italy," these words spoken by the CEO Sergio Marchionne at the hearing pending before the Boards Joined Lavazza Productive Activities and the House. So my heart will stay at home but the headquarters will be in more places, "operations in different places, different but complementary and there is nothing wrong with that." "We have ambitious plans to leave Italy.

No one can accuse the Fiat of misconduct, to live off the state or want to leave the country, "he urged the manager. Marchionne stressed that it is currently not taken any decision on the headquarters and that if you create the conditions to the project factory Italy, our country will maintain its head office in Italy.

This choice is subject to some basic elements, also linked the trend of consolidation and a higher proportion dellaChrysler Fiat, which is currently working on the house of the Lingotto. "When there will be two legal entities listed in two different markets will face problems of governance." In addition are considered, for a suitable choice of location, are able to access financial markets is essential for managing a business that requires large investments and huge amounts of capital and the environment for the development of the manufacturing sector and therefore also with the Italy Factory project.

The success of that depends instead on the establishment of governance and observance of all agreements, defined by Marchionne "something sacred." The Fiat had to therefore concluded by stating: "we are willing to keep our commitments if all parties maintain their own."

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