Fiat-Chrysler CEO to Announce 2013-2014 Sales Projection on October 30, Attacks VEBA

It’s not the best of times to be a Chrysler-Fiat executive, never mind the group's CEO. Sales keep falling due to the European crisis, your Italian factories are operating at less than 50 percent of their capacity and you have postponed the long-awaited return of Alfa Romeo to the U.S. market more times than even you can recall.

At the same time, the local government and workers’ unions are, understandably, pressuring you to keep your factories operational.

Nevertheless, Sergio Marchionne isn’t willing to give up so easily. In fact, he has already met with the Italian PM and assured him that even though he won't implement the €20 billion (US$26 billion) investment plan that he announced last year, he won’t close any plants either.

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