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European uncertainty has slowed down Fiat: Marchionne

Tuesday, December 06, 2011 - 03:12

Dec. 6 - Fiat and Chrysler CEO Sergio Marchionne says he needs to see more movement on the EU's debt crisis before resuming investments in Fiat's plants and products.

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I was this affected your operations of -- so far and you have major operations obviously in the eurozone. We do it and we have a large. Heavy presence of -- witches who usually has been an issue. Senator of the crisis is as you know and it -- the U the storm has been delivered via I think that over the last couple weeks -- The appointment -- a moment is the prime minister a lot of the uncertainties surrounding the use then severely diminish him the them measures of them announced on Sunday. -- -- significant step forward in reshaping. If these terror confidence. Public from that side. So even Italy is now beginning to rejoin the ranks. Of the acceptable within the European Union. The convergence. Of the French and German activities together with the real establishment of -- time credibility old. Raj towards the proper Rosenfield -- referral. So I think that in the next. Thirty to. Sixty days -- true which receive. Do -- -- your party credibility we have barring. Sort of support in the international financial markets to help those who forwarded back to your past about in terms of -- -- obviously. Is. With the principles for the your it is and and fields interest to ensure that -- stability continues and so we will watch in this. Very carefully I think that we have been. This these. Uncertainties. Slowed down some of the processes the field would have already executed much faster for -- -- investments and -- search of activities in the eurozone pending resolution. All of these discussions of an impending I think what is required which is. Getting a better line of sight and -- will be -- game looks like and so. A couple of these investments that we started wool of this in our proposals would be completed will be altered your car. In Europe next week is an important part of the re establishment. Of viable manufacturing base in the -- of problems that we've made from the from the country. But we need to see better before we go -- to me anymore. The sort of finals statements some of final conclusions about -- about where Europe is going and our remaining probably confident that all the things in the you to be on the -- -- -- that. Department of of multi as -- President -- He has been in that apartment -- I think his man. I can't problem. But emphasized the importance of your former through the importance of work to be done and these stories. He needs the full support he needs to bring its faster inclusion with success. In the political forces -- to -- -- in this in this and this journey. And everybody's interest in Europe and all of -- all of the issues that -- group of.

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European uncertainty has slowed down Fiat: Marchionne

Tuesday, December 06, 2011 - 03:12