 |
Housing pop is no bubble: Trulia CEO
At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once again. Video
Read
- Kanye West wins over critics with 'daring' new album 'Yeezus'
- Angelina Jolie stunt double sues News Corp over hacking
- Massachusetts police search NFL player's home in homicide probe: report
- Journalist who brought down U.S. general is killed in Los Angeles car crash
- Asian markets tense before Fed; Nikkei outperforms
Sponsored Links
Marchionne to update Fiat-Chrysler plan due to Europe woes
Fiat-Chrysler chief executive Sergio Marchionne gestures during the official presentation of the new Fiat 500L car in downtown Turin July 3, 2012.
Credit: Reuters/Giorgio Perottino
COLUMBUS, Ohio |
COLUMBUS, Ohio (Reuters) - Sergio Marchionne, the chief executive of Fiat SpA and Chrysler Group LLC, said that he will revise his business plan for both automakers to account for the deterioration of the European auto market since 2009.
Marchionne will update his plans for 2013 and 2014 on October 30, he told reporters Monday in Columbus, Ohio.
Italian automaker Fiat took a 20 percent stake and management control of Chrysler in mid-2009 when the U.S. automaker emerged from government-funded bankruptcy protection.
Later that year, Marchionne unveiled a five-year recovery plan that called for the eventual combining of Fiat and Chrysler.
(Reporting by Bernie Woodall; Editing by Gary Hill)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters