DISQUS

Joseph · 9 months ago

Marchionne is a very smart individual. He turned Fiat around which was on the brink of bankruptcy just a few years ago. Unfortunately no one is to blame but the US Auto industry for not being competitive and for not anticipating market conditions. This is a situation that has been going on for many years. We all have seen that the imports have been dominating the US market for many years now. Time to restructure and to bring them to modern times. Fuel efficiency, streamline production, better overall cars will turn it around. US consumers, deep down just want a good excuse to buy a US car. So what if an Italian company owns it now? The most important thing is getting the industry back on its feet, keep jobs safe so that things will get better. Besides, FIAT spends a lot in advertising in Europe and SA, so I am sure that once things settle, there will be investments on that level also.