Fiat's CEO says 2003 plan "overly optimistic"

Newswire

BALOCCO, July 26 (Reuters) - Fiat CEO Sergio Marchionne said on Monday a turnaround plan drawn up by the group's former management was "overly optimistic", but said the Italian automaker had the resources to complete it. Marchionne said in a slide presentation the 2003 plan was "crafted without assessing competitive response" and said Fiat's structure was inadequate to meet the plan's objectives. Marchionne was appointed chief executive of Fiat at the beginning of June after his ...

Premium Content (PAID Subscription Required)

"Fiat's CEO says 2003 plan "overly optimistic"" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×