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Posts Tagged ‘FCA’s five-year plan’

Marchionne Not Surprised by Drop in Fiat Stock

CEO says FCA’s new headquarters will be in London.

by on May.09, 2014

FCA CEO Sergio Marchionne said he wasn't surprised to see "people take money off the table" after revealing the maker's five-year plan.

Just two days after FCA’s marathon session where the company laid out its plans for the next five years, CEO Sergio Marchionne dropped a bombshell that was left out of the meeting: FCA’s headquarters will be in London.

“My office will be in London. It has to be,” Marchionne told reporters at Chrysler Group office outside Detroit. “My office and my functions need to operate out of London. The board will meet there. That doesn’t mean I’m going to give up my operation responsibilities (in North America).”

Beyond the Headlines!

The operating headquarters for Fiat and Chrysler will remain in Turin and suburban Detroit respectively and the company’s key officers will be scattered around the globe and work from offices in Detroit, Turin and Brazil. (more…)