Saturday, March 5, 2011

Fiat, Marchionne: "Libya is not a shareholder Fiat

In light of what is happening in Libya, at the Geneva Motor Show, Fiat CEO Sergio Marchionne has stated that the fund Lia (linked to Gaddafi) has no shareholding in the Group. This statement sounds very important for the stability of the company and the Stock Exchange and secures the Fiat from any speculation, unlike other big Italian companies also depend on the Libyan capital.

Returning to the Lingotto, but there are those who believe that the affirmation of Italian-Canadian manager is a bit 'forced, as a society of that country, Lafico, owns 7.5% of the soccer team Juventus, historically linked to Fiat. "The only risk that the Libyan crisis may have on the Fiat and economic instability," he added, pointing out that - paradoxically - the higher petrol prices could improve the Group's sales.

The hope, however, is that everything will be resolved as soon as possible even if the moment would not be adverse impacts on production or the registration of the brand of car in Turin. "

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