mercoledì 24 settembre 2014

Marchionne says he admires Renzi's courage

Fiat-Chrysler CEO praises 'exceptional' Renzi speech to CFR

(ANSA) - Rome, September 24 - Fiat Chrysler (FCA) CEO and Ferrari President Sergio Marchionne said Wednesday he admired Premier Matteo Renzi's courage in unveiling a raft of structural reforms. "I like this boy, (his) great courage," Marchionne said of the 39-year-old premier. The FCA boss told ANSA he was looking forward to Renzi's visit to the Chrysler HQ in Detroit Friday.

"Let him do his job in peace," Marchionne said in reference to resistance to Renzi's proposed Jobs Act and other key reforms aimed at freeing Italy of red tape, reforming its labor market, and cutting waste in order to generate funds for stimulus packages. "I see no alternative, and I'm convinced he will make it: we must help him," said the CEO, praising what he said was Renzi's "exceptional" speech to the Council on Foreign Relations (CFR). "He is changing the system, he is fresh and he has new ideas". Marchionne went on to say his company is ready for its Wall Street debut, which will probably take place October 13.

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