Fca, Marchionne also raises Termoli: assumptions to produce … – The Messenger

Today’s Chrysler to Fiat Automobiles will go down in history as a day much more important than it may suggest the two news that have marked.

first change concerns Italy: Sergio Marchionne, visiting the plant in Termoli in Molise without the presence of journalists has announced new hires (for now fifty but then we’ll see) for the production from 2016 to 200,000 petrol engines for the Alfa Romeo.

The second news is of a financial nature: the company announced the issuance of bonds for $ 3 billion with ‘aim to repay in advance Chrysler bond, issued in 2011, which had been sold to American banks with a clause that prevented the distribution of the company’s US parent company to Italian. Because this operation is strategic? Because it is intended to release additional energy for the development of FCA. Energies that will be added to the accumulated capital last November when Marchionne collected about 1.5 billion by issuing bonds that will be converted into shares and the billions who will arrive in the summer by the separation of Ferrari.

This mountain Money will be devoted mainly to the development of Alfa Romeo. In the plan presented in May 2014 in Detroit, Marchionne said he wanted to spend 5 billion euro to launch eight models in the Alfa Romeo brand by 2018 when it expects to sell 400,000 cars in the world with the brand Alfa Romeo. All cars made in Italy.

The renovation of the factory of Termoli , therefore, will absorb only 10% of this sum. With about 500 million euro plant will be put in a position to churn out two engines specifically designed for Alfa Romeo: a high-performance four-cylinder and a six-cylinder derived from Ferrari. The engines will be added to Alfa Fiat Termoli assembles for 30 years, since he started to manufacture the legendary Fire (one of the first robotic motors in the world) that has been built so far in about 20 million copies.

The first result of the new investments in Termoli will be the elimination of the layoffs that still punctuates the life of the factory of Molise and the return on the third night shift which should make assumptions because they manufacture many changes in Termoli . Music to the ears of the other big engine plant of Fiat which is located in Pratola Serra, in the province of Avellino, and this year is expected to return to churn out at least 300,000 engines (its capacity is at an altitude of 600,000) thanks to the boom of production of the Jeep Renegade and 500X in Melfi and an order of 80,000 engines for the Suzuki built in Hungary.

Marchionne was welcomed in the factory of Termoli from about 2,000 workers, many of which stopped at the factory at the end of their shift. Of his speech, Fiat has released the final sentences. “This engine factory ends rarely in the spotlight of the media – said Marchionne – Consider it a point of pride. In a society where often the form is more important than substance, you are the symbol of all those who work quietly and seriously , to the words of those who prefer the facts, who is committed to solve the problems. You are an example of those values ​​on which we founded Fca. “