Fiat Chrysler Boss Says Auto Maker Can Survive With or Without Partner - Wall Street Journal
Marchionne, speaking in Las Vegas to roughly 7,000 personnel from its dealer body, said he isn’t under pressure to merge with another car company, and that the company can finance a competent product portfolio on its own. “The new models show there are no delays in the new models. Marchionne showed off a handful of significantly redesigned models or entirely new models in Las Vegas, including three Jeeps and a plug-in hybrid electric minivan. Chief among the highlights were three new Jeep models, including a compact crossover. an upscale Grand Wagoneer designed to compete against Land Rover and the next-generation Jeep Wrangler, according to dealers in attendance. Although the new Wrangler doesn’t stray far from its iconic rugged design, say those who saw it, the company promises it will get up to 30 miles per gallon, these dealers said. Marchionne, who took control of Chrysler after its 2009 bankruptcy and merged it with Fiat just ahead of an industrywide upturn, has leveraged the two companies’ resources to quickly redo the U. S. auto maker’s aging lineup, but some industry... Source: www.wsj.com
