Fiat Chrysler CEO says company strong enough to stand alone
|CTVnews 15 Jan 2019 at 04:55|
DETROIT -- Fiat Chrysler s new CEO says major job cuts or an alliance with other automakers are not in the plans for Italian-American automaker.
Mike Manley says the company downsized its workforce significantly a decade ago, and smaller cuts have been made since. So unlike crosstown rivals Ford and General Motors, he doesn t expect any "big bang event."
Manley took over for the late Sergio Marchionne last year. Three years ago, Marchionne was shopping for a partner and said the industry needed to consolidate to better share huge capital investment costs.
But Manley says FCA is now in a different position and can go it alone. He says at the Detroit auto show that the company has the resources and the balance sheet to stand on its own.