Saturday, February 5, 2011

Marchionne: "Possible merger between Chrysler and Fiat." New skirmishes with Ferdinand Piech

Fiat CEO Sergio Marchionne has a favorable opinion about a possible merger between the Lingotto and the Chrysler Group, while stating that this scenario will be considered within the next 2-3 years. "Who knows?" Said Marchionne, speaking in San Francisco at a meeting organized by JD Power. "Over the next 2 or 3 years we can try (to build, ed) a single entity that could be located here in the United States.

According Marchionne are currently being examined by a number of "alternative scenarios. First we need to look after and operational integrity of their governance. The two realities can not in any way binding on bond until their debts are repaid, the U.S. government. Marchionne has also vowed to want to maintain control of the Alfa Romeo "until I CEO" and invited the then President Ferdinand Piech of Volkswagen Group to concentrate more to lift Seat.

"I'm not sure I've bought a Seat," said the manager ironic Italian-Canadian. "And 'he who bought it. I do not know if it is able to restart it, but it should. "

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