"Fiat S.p.A." Registered Office: via Nizza 250, Turin Share capital ...
"Fiat S.p.A." Registered Office: via Nizza 250, Turin Share capital ...
"Fiat S.p.A." Registered Office: via Nizza 250, Turin Share capital ...
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hicles at the new Grugliasco site and with the<br />
strengthening of FERRARI, MASERATI, ALFA ROMEO,<br />
LANCIA and JEEP, in order to bring the critical<br />
mass of cars produced and sold throughout the<br />
world by FIAT-CHRYSLER group to the level indicat-<br />
ed by CEO Sergio MARCHIONNE, of 6-8 million, and<br />
guarantee that FIAT Group can compete with the<br />
largest global auto groups;<br />
he is of the opinion that the FIAT–CHRYSLER group<br />
cannot remain at the current production and dis-<br />
tribution levels - circa 4.2/4.3 million – but in-<br />
stead has to adapt to reach the critical mass of<br />
circa 6-8 million cars produced and sold;<br />
he observed that the production would need to dou-<br />
ble, since it was currently only about half this<br />
level;<br />
he considers the time is right, especially in Eu-<br />
rope, because many automakers are in difficulty;<br />
he recognizes that his comments should be taken in<br />
the context of the prudence required by the mar-<br />
ket, politics and a whole series of other factors;<br />
he asked whether the Company had already taken<br />
some steps to reach the above mentioned critical<br />
mass, as he feared that the competitors could move<br />
first and so he urged prompt action be taken.<br />
27