Sunday, April 3, 2011

Marchionne Fiat spoke about moving to the States

During the general meeting of shareholders Fiat CEO Sergio Marchionne, CEO of the group, spoke of the possible shift in the U.S. headquarters of the Italian company. Marchionne said that would not change anything in terms of employment and wages. The headquarters of Fiat could indeed move to Detroit, evidence of the house of the Lingotto for Chrysler.

By 2011 it expected Fiat to reach 51% of the American brand. "But first I will have to refinance Chrysler debt he has with the U.S. Treasury. For the price then, will an agreement with Veba, the organization of workers pension which holds the majority equity interest in Chrysler, "said Marchionne.

Statements of Marchionne therefore seem to be the prelude to the transfer of the headquarters of Fiat as the number one added that "from 2008 to present the plat of the peninsula have been working below capacity, with a guideline to 37%." Fiat, in 2011, meanwhile, should get a share of € 37 billion revenue goal is to reach 100 by 2014.

Everything will depend on the success of the Fiat car.

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