Venice

Marchionne says Fiat committed to keeping jobs in Italy

Fiat must continue to expand its global markets, says CEO

Marchionne says Fiat committed to keeping jobs in Italy

Venice, June 7 - Fiat remains committed to providing employment in Italy but must also continue to find new markets for its products, Sergio Marchionne, chief executive officer of the automaker said Friday. "We have made a commitment to reestablish a base of decent employment in this country," Marchionne said outside a meeting of the Italian-United States council on foreign relations. "We have made a commitment to restore the industrial reality of Fiat in this country," he added. Many Italians are concerned that when the full merger of Fiat and its US-based subsidiary Chrysler is complete, corporate headquarters of the new auto giant will move to the US. Those concerns have been supported by declining auto sales in Italy by Fiat and the renewed strength of Chrysler. Marchionne acknowledged the situation is "very, very difficult" and that Fiat must find further expansion in new markets. "We have done this in the past and we must continue to do so".

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