Possible merger deal between Fiat and Chrysler
Fiat and Chrysler could be merged within two or three years into a single company with its headquarters in the United States, Fiat boss Sergio Marchionne said in remarks which upset Italians Saturday.
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In a recent interview, Sergio Marchionne, Fiat alliance delegated administrator of Chrysler, talked about the possibility of seeing in the coming years a new cluster of world class. Marchionne was optimistic regarding the possibility of seeing an entity composed of groups Fiat and Chrysler.
"In the next two or three years we try to build a conglomerate with strong foundations. We have now a lot of scenarios and possibilities. First we should deal with operational integration and proper governance then combined brands”, said Marchionne.
The merger will be possible only when Chrysler will pay the full debt that it holds in the U.S. state. If you take birth, the new entity will retain the Italian-American origins of the peninsular, the headquarters will remain in Turin himself guaranteeing Marchionne this Italian Minister of Labour.
All Marchionne specified that he wants to keep control of Alfa Romeo brand throughout his term as managing director of the alliance.
Furthermore, the Italian official and his target dicursul Ferdinand Piech, VW Group chairman, who recommended him to worry about the future and not the Seat brand Alfa Romeo. "I am not the buyer Seat. He wanted to buy it. I am not able to tell if will succeed Piech it again, but should do it," Marchionne ended.
In one interview, I asked a man to tell me his previous experience in the automotive industry. He told me this: “First I worked for the worst car company in the world. Then I worked for the best car company in the world. And then I worked again for the worst.”
You may have guessed that the point is, he had never changed jobs. He had been at Chrysler his entire career.
I want to leave you with the knowledge that our commitment is to put down a solid foundation for the new Chrysler, a foundation rooted in values on which a better, more reliable and certain future can be built.
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