Fiat’s Marchionne to head Chrysler
May 7, 2009 by Stephen Kersey
Filed under Business
Fiat CEO Sergio Marchionne reportedly will head Chrysler after the automaker emerges from bankruptcy within two months. Marchionne met with the U.S. government about his plans for the company, and is scheduled to meet with Chrysler executives to work out the details of the merger.
“Chrysler is on track to re-emerge from bankruptcy in 60 days. I will become Chrysler CEO after that,” said Marchionne.
Image: Newcom
The Italy-based Fiat aims to turn into a global force in the auto industry. They have interest in acquiring Saab and have already been in talks with GM about acquiriing its Opel and Vauxhall operations in Latin America and Europe.
“Saab is an interesting opportunity, the brand is however too small for the auto mass market. We could combine Saab with another brand. In the U.S., there’s a Saab dealership network. It would be a pity to give that up,” Marchionne explained.
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