FCA could not have started the year on the Stock Exchange better than this: in the first week of 2017, the stock achieved a rise of 14,25%, making it the best stock on the FtseMib after Banco Bpm (+26,53%). It is the result of the rediscovery of FCA's value by brokers and of the very positive reports issued by investment banks on the group led by Sergio Marchionne, starting with Mediobanca and Goldman Sachs who imagine a very encouraging target price for FCA.
But all eyes are now on Marchionne's speech on Monday at the opening of the Detroit auto show. The market wants to understand what developments the technological collaboration with Google can have after the presentation of the self-driving electric car in Las Vegas, but above all it wants to understand how Fiat Chrysler will position itself in the incipient era of Donald Trump.
Marchionne should in fact confirm his intention to boost production at the Toluca plant in Mexico, which was brought as a dowry by Chrysler and where the new Jeep SUV should be built for export all over the world. The Belvidere plant in Illinois, where the Jeep Cherokee is currently produced, will bear the brunt of it. In normal times there would be no problem but in the neo-protectionist era inaugurated by Trump what will the White House say? Maybe we'll know more on Monday.
