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Fiat, Marchionne: we operate through industrial alliances and we remain in Italy under certain conditions

Marchionne explains that for our country, Lingotto will maintain industrial choices only "under clear conditions", because it is unthinkable "to continue to lose money in Europe simply to keep up an industrial system that has no economic foundations" - In the meantime, think about alliances futures

Fiat, Marchionne: we operate through industrial alliances and we remain in Italy under certain conditions

"We are moving, we can be an active member in any country in the world“, and if in Europe there are no longer many possibilities, “the world is open” and in particular in Asia “there are many opportunities to examine”. He announced it today from Brussels, where he is the president of Acea, the CEO of Fiat and Chrysler, Sergio Marchionne. After clarifying that "the Moscow plant will start first", Marchionne - who is in Brussels as president of Acea - added: "In Russia we will make the jeep, I hope starting by 2013 in one of the two plants".

as to strategy to follow in Italy, Marchionne said that the Lingotto mwill keep the industrial choices only "under clear conditions", because it is unthinkable "to continue to lose money in Europe simply to keep up an industrial system that has no economic basis".

Broadening his gaze to Europe, the Italian-Canadian manager he agreed with the president of the ECB: “Draghi – he said – it was very clear: we need to rethink and resize the welfare system. It's a complex process, but it has to be done, and any obstacles that are thrown into this process will slow it down. Anyone who runs a multinational corporation understands that the world is flat, commercially speaking. There is no notion that we Europeans are different. We must recognize the challenges, we cannot continue to ignore them”. Even because "about 20% of the production capacity of the European automotive sector can be seen as structurally redundant".

Finally, the forecasts: dfter a "rather difficult" situation in 2011, "2012 will probably still be a relatively difficult year" for the European car industry, with "a decline in volumes" of sales on European markets, and "prospects that continue to be challenging for car manufacturers”.

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