Great expectations for today's speech by the CEO of FCA, Sergio Marchionne, at the Detroit Motor Show. The recent stock market exploit of the Agnelli team and in particular of FCA, which has driven Piazza Affari and gained 2018% since the beginning of 28,30, turns the spotlight on the future of the car manufacturer in Marchionne's last season, which the year he will leave his poltronissima while remaining at the helm of Ferrari.
An interview granted by Marchionne himself to the Bloomberg agency on the eve of the opening of the Detroit Motor Show did nothing but reinforce the curiosity for what FCA's number one will say today. Marchionne has in fact declared that, by virtue of Trump's tax reform which will save the automaker one billion in taxes a year, FCA's profit could double by 2022, especially if the Italian-American company's business continues to do so. driven by the success of the Jeep.
But, in addition to an update on the targets, the Detroit Motor Show expects other news from Marchionne, even if it is foreseeable that all the cards can only be discovered on the occasion of the mid-year Investor Day, when the head of the car manufacturer will present the new industrial plan, which it will be up to his successor to implement.
The market wants to know where the FCA of the future will go and above all if and when it decides to get married, and with whom. But he also wants to know who will be Marchionne's successor at the helm of FCA and if the new boss will come from within, as it seems and as Marchionne himself has repeated on several occasions. “The car wears you out and I'm tired and want to do something else” Marchionne confirmed to Bloomberg.
All the questions about FCA cannot be answered today, but it is reasonable to expect to know something more, especially on the businesses more directly linked to the Italian activity and in particular on the possibility or not of a short-term spinoff of Magneti Marelli and Comau in sight of their possible quotation and, more in perspective, of a strengthening of the luxury pole around Ferrari with the spin-off of Maserati and Alfa Romeo.
For all these reasons, it goes without saying that the FCA stock will once again be a special observation today in Piazza Affari.
