Tuesday, September 16, 2014

Marchionne: “Italy will succeed, but for now, a lack of investment” – TGCOM

Marchionne: "Italy will succeed, but for now, a lack of investment" – TGCOM

– Italy make it, “when you do not know: I do not see things improve in the short term.” Sergio Marchionne says the intervening after the frost OECD on Italy, which has cut the estimate of the GDP of Italy to 0.4% in 2014 “The only thing to create growth is investment. Did not manage to attract enough capital, “added the CEO of Fiat Chrysler.

Marchionne: & quot; Italy will succeed, but for now, a lack of investment & quot;

“Ready to show the reality of Fiat Renzi Chrysler “ – Commenting on the announced visit of Matteo Renzi in Detroit, Marchionne, in New York to receive an award delivered to the Institute of International Education, said to be” willing to show him the reality of Fiat Chrysler, describe the process of restructuring the company. am also willing to submit to American labor unions. “

” Strength of Fiat Chrysler is the spirit of cooperation “ – The road over the past five years Fiat and Chrysler have made, and are now preparing to land on Wall Street, Oct. 13. “There are many challenges in forging an international organization, no greater cultural integration based on mutual respect,” he adds. “The open-minded that comes from people around the world who work side by side in a spirit of cooperation” is one of the most important values ​​and stronger than Fiat Chrysler.

“The United States returned to growth, Italy still no “ – Then back on the Italian situation. “I do not see things improving in the short term. The only thing that can create growth is investment. Did not manage to attract enough foreign capital,” he adds. In the United States the situation is different: they are returned to growth after the crisis of 2008, he says.

A visible difference even in the start up. “The concept of start-ups in Italy I do not really like, limits are imposed. Instead, here they are able to create things out of nothing,” said Marchionne, in response to those who asked Renzi’s visit to Silicon Valley, “paradise” for start-ups .

“On October 13, the landing on the stock exchange, objective conquer Wall Street” – Marchionne then recalled the landing of Fiat in New York Stock Exchange on October 13, explaining that he will come to Wall Street “in Maserati, Ferrari does not.” But the fact of taking the reins of the “pony”, as well as those of Fiat Chrysler, could result in benefits for the initial public offering, “maybe.” Not including any road show for investors before the listing, the process which “goes forward,” Marchionne “blesses” the maxi hypo Alibaba and said: “We must remember where we started.” The objective of Fiat Chrysler is to win a slice of Wall Street.

“Ferrari will remain an exclusive brand” – On 13 October, the day of listing, Marchionne will take the lead Ferrari. “There will be no change in the exclusivity of the brand. Need to improve sports performance ” highlights. Anyone asked him when Ferrari will be back on the podium of the Formula 1, Marchionne said:” If I knew .. Luke has tried it, did a great job. We have to reorganize, we ask for a bit ‘of time “

tag:
Fiat
Sergio Marchionne
Italy
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