fiat chrysler wont sell jeep
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

CEO Sergio Marchionne

Fiat Chrysler won't sell Jeep

Arab Today, arab today

Arab Today, arab today Fiat Chrysler won't sell Jeep

Sergio Marchionne, CEO of Fiat Chrysler
Detroit - Arab Today

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

arabstoday
arabstoday

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

 



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

 



GMT 13:44 2017 Wednesday ,19 April

US Pentagon chief meets Saudi king with Iran in focus

GMT 12:30 2017 Wednesday ,08 November

Five myths about gun deaths in the United States

GMT 09:23 2017 Wednesday ,19 April

1105 food baskets distributed in Yemen

GMT 17:32 2015 Tuesday ,29 September

Serfontein shocked to replace de Villiers at World Cup

GMT 11:44 2016 Wednesday ,24 February

Trump storms to victory in Nevada Republican caucuses

GMT 09:52 2017 Sunday ,31 December

PM meets martyred AIG Ashraf Noor’s family

GMT 21:30 2017 Wednesday ,27 December

Shakira cancels tour, hopes for June return

GMT 10:41 2017 Sunday ,24 December

Bahrain Press headlines

GMT 14:01 2017 Thursday ,21 December

Confronting Iran is cornerstone of confronting extremism
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday