"Fiat S.p.A." Registered Office: via Nizza 250, Turin Share capital ...

More documents

Recommendations

Info

present at the FIAT INDUSTRIAL shareholder meeting held the day before; he commented that, despite the awful year for Eu- rope, FIAT had closed 2012 with results which ex- ceeded both the objectives it had set at the be- ginning of the year and analysts’ forecasts; he noted that, from the figures officially ap- proved by the Board of Directors, it emerged that revenues were about 84 billion, representing an increase of about 24 billion compared to 2011, and that trading profit amounted to 3.9 billion; he added that he believed the Company had never achieved such a good result, even before the de- merger of FIAT INDUSTRIAL; he noted that the largest contribution came from the subsidiary CHRYSLER and from North America, which accounted for 52% of revenues; he pointed out that the European businesses penal- ized the Company with losses of approximately 700 million; he acknowledged that the Board of Directors had chosen not to pay a dividend out of prudence and to maintain the current level of liquidity in light of the requests presented by VEBA, the trade union fund that still holds a 41.5% share in CHRYSLER; he stated that shareholders accepted the sacrifice 14
eing asked of them provided that full integration with CHRYSLER is completed this year; he asked the CEO whether there would be <strong>capital</strong> increases or other sacrifices asked of shareholders in the future; he asked what the Company’s outlook was for the current year, also given the serious crisis which continues to affect Italy; he requested that a copy of the minutes of the meeting be sent to him. Pietro BECHERE (shareholder) stated that in the midst of this severe crisis, which he believed was the most severe since 1929, Mr. MARCHIONNE had chosen to challenge politi- cians, trade unions, Finmeccanica, Confindustria with serious and radical proposals and with a clear objective: to change the labor market in It- aly; he considers Mr. MARCHIONNE’s language direct, al- most unknown, because it belonged to a manager with a different training, culture, education and habits, who doesn’t care for Italian-style wheel- ing and dealing and understands that we can’t go forward by refusing to accept, absenteeism, wild- cat strikes, compromises and dreadful Italian habits; he stated that he was not able to give advice to 15
Page 1 and 2: This document has been translated i
Page 3 and 4: volumes actually the lowest on reco
Page 5 and 6: past 10 years." The memory of Giann
Page 7 and 8: * VANGUARD INTERNATIONAL GROWTH FUN
Page 9 and 10: with 2 minutes for replies. Marco G
Page 11 and 12: is also stated that: "For questions
Page 13: He then specified that once the tim
Page 17 and 18: statement about not standing the ar
Page 19 and 20: he noted that additional factors pr
Page 21 and 22: website for more information; on th
Page 23 and 24: cause, despite this, the result for
Page 25 and 26: that the choice of dividing FIAT in
Page 27 and 28: hicles at the new Grugliasco site a
Page 29 and 30: tal development of the previous str
Page 31 and 32: immovable assets and asked that the
Page 33 and 34: sponded that: the joint venture in
Page 35 and 36: of the mass-market brands also in A
Page 37 and 38: ence; in 2013 La Stampa will be foc
Page 39 and 40: he pointed out that the assessments
Page 41 and 42: markets; he recalled that in 2008 a
Page 43 and 44: given for addresses is too short, t
Page 45 and 46: He then declared that the voting wa
Page 47 and 48: - those against bringing action sho
Page 49 and 50: of the shareholder resolution of 4
Page 51 and 52: overall sum of €7,373,300, which
Page 53 and 54: size of the company, the size of th
Page 55 and 56: could not go into here; he consider
Page 57 and 58: icy alone; he pointed out that 80%
Page 59 and 60: he recommended shareholders exercis
Page 61 and 62: of a technical department supervise
Page 63 and 64: he claimed that directors would be
Page 65 and 66:
chairman of Ferrari S.p.A., which w
Page 67 and 68:
charges for maintenance; he asked w
Page 69 and 70:
them and he asked whether it made s
Page 71 and 72:
tions and not voted, together with
Page 73 and 74:
. Attachment "A" the text of the ad
Page 75 and 76:
Good Morning Shareholders. The Grou
Page 77 and 78:
In absence of mutual agreement on a
Page 79 and 80:
In Asia, in addition to the launch
Page 81 and 82:
Turning to Group results, in 2012 w
Page 83 and 84:
In the United States, the industry
Page 85 and 86:
Boosted by the introduction of gove
Page 87 and 88:
In terms of sales performance by in
Page 89 and 90:
European passenger car demand was d
Page 91 and 92:
The next few slides give an overvie
Page 93 and 94:
In APAC, we launched two key produc
Page 95 and 96:
Turning to the outlook for 2013, ou
Page 97 and 98:
For our Luxury and Performance bran
Page 99 and 100:
Efforts to align our activities to
Page 101 and 102:
Before closing, I would like to mak
Page 103 and 104:
There are 215,000 employees worldwi
Page 105 and 106:
However, EMEA cannot survive indefi
Page 107 and 108:
Second: we can leverage the experie
Page 109 and 110:
Work is also underway to prepare th
Page 111 and 112:
A sign of hope and of commitment. I
Page 113 and 114:
We can’t recreate the Fiat of the
Page 115 and 116:
a) Compensation Policy pursuant to
Page 117 and 118:
The table below summarizes the main
Page 119 and 120:
In general, the fixed compensation
Page 121 and 122:
With regard to allowances in the ev
Page 123 and 124:
L. Cessation of office or terminati
Page 125 and 126:
) Authorization for the Purchase an
Page 127 and 128:
Fiat S.p.A. AGM 09/04/2013 LIST OF
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
show all

"Fiat S.p.A." Registered Office: via Nizza 250, Turin Share capital ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?