fiat chrysler wont sell jeep
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

CEO Sergio Marchionne

Fiat Chrysler won't sell Jeep

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleFiat Chrysler won't sell Jeep

Fiat Chrysler won't sell Jeep: CEO
Detroit - Muslimchronicle

Sergio Marchionne, CEO of Fiat Chrysler (FCA), swatted down speculation Monday that he might sell the group's popular Jeep brand and forecasted a future strategic plan by June in anticipation of his retirement.

"We're not going to break up anything," Marchionne said during a question and answer session with reporters at the Detroit auto show. He also offered a firm "no," when asked if he might sell Jeep.

Wall Street has speculated that FCA might sell off or spin off some units, while also exploring alliances. The speculation sent the company's stock to a record high last week.

The retiring CEO also predicted that a new strategic plan would be announced by the end of June and followed with an announcement of who will be his successor.

Marchionne offered a spoiler: the next CEO would come from the ranks of the current C Suite.

"My successor is going to come out from those ranks," he said, adding that with only men currently occupying those positions, "it's going to be a male that will succeed me."

The company has been engaged in getting its financial house in order and paying down debts by 2018, he said, and will next present a new strategic plan by June 1. That date is the anniversary of Marchionne taking the helm at Fiat.

The outspoken CEO valued the recently passed US tax cuts as being worth approximately $1 billion for FCA. He said the cuts ensured an economic boost and offered more confidence in the future.

"That's exactly what we, as an auto maker in the United States, were waiting to hear. I think it facilitated a number of decisions that needed to be done."

Marchionne credited the cuts with his decision to move production of the company's popular Ram pickup back to the US. It had been sent to Mexico almost a decade ago.

"I think it should have never left. It belonged to this country," Marchionne said.

source: AFP

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fiat chrysler wont sell jeep fiat chrysler wont sell jeep

 



Themuslimchronicle, themuslimchronicle

GMT 11:36 2018 Thursday ,04 January

Mountain bike world champ seriously hurt in car crash

GMT 12:47 2016 Saturday ,24 September

How to save endangered species

GMT 12:08 2011 Tuesday ,22 November

Mini Éclairs

GMT 11:17 2017 Thursday ,16 November

UN warns fuel running out

GMT 09:11 2017 Monday ,25 September

German campaign takeaways and challenges

GMT 22:02 2017 Tuesday ,19 September

Tariq Yahia says his team is ready

GMT 22:17 2017 Sunday ,01 January

Israeli forces nab 6 Palestinians in WB

GMT 11:08 2017 Thursday ,14 September

New Zealand opposition looks

GMT 19:26 2014 Tuesday ,30 December

Bahrain to implement several development projects

GMT 17:08 2016 Friday ,18 November

South Korea blocks Google export of map data

GMT 13:34 2012 Thursday ,16 February

Q&A: Tuition fees

GMT 04:08 2011 Thursday ,06 October

US dominates university global rankings

GMT 14:15 2013 Thursday ,07 March

The £599 anti-ageing cream formulated by NASA

GMT 16:15 2011 Sunday ,11 December

Iran starts exams for nanotechnology teachers

GMT 07:13 2015 Tuesday ,14 April

Nokia: It is in talks to buy all of Alcatel-Lucent

GMT 13:19 2012 Monday ,12 March

I\'m grateful to Al-Haya

GMT 14:09 2011 Tuesday ,19 April

US urges Pakistan to continue economic reforms

GMT 09:32 2016 Wednesday ,07 December

Injured Rose was '50-50' for HK Open defence
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle