"Technically, the company is pursuing the announced objectives and does not need a capital increase". These are the words of the CEO of Fiat Chrysler, Sergio Marchionne, on the sidelines of the presentation of the new Jeep Renegade in Balocco (Vercelli), when asked about the need for a capital increase by FCA after the listing on Wall Street.
“It is clearly a discussion to be made with the board of directors in October – Marchionne reiterated -, we will discuss it and let it be known after the board. We've seen interest rates coming down, things are going in the right direction, we've reopened the bond now for another half billion. The ability to finance the activity with the credibility of what we have done is there – said the Fiat number one – then the board has the last word”.
Marchionne also spoke about the group's targets: “We won't see anything again until the end of the third quarter. The accounts for the quarter should go well, we are waiting for September, an extremely important month. In Europe August is not a great month while in America we are doing well. Now remains the most important part of the year”.
Then the first words from the new president of Ferrari: "We will increase Ferrari production gradually", Marchionne said regarding the rumors that would like an increase in production beyond the 7 cars a year planned by Montezemolo. “No one could have guaranteed continuity better than me,” concluded the FCA CEO.
