Fiat would benefit from shutting Italian factories: CEO

[FarCenter]

AFP - The head of Italian industrial giant Fiat said Sunday the company would be better off if it outsourced all of its production from Italy, in comments that risk inflaming tensions with unions.

...

"Fiat would be better off if it eliminated Italy. Italy ranks 118th out of 139 countries in work efficiency and is 48th in industrial competitiveness," he said, without citing a source.

"For a long time now, the Italian system has been losing its competitiveness year-by-year, and over the last 10 years it has not kept pace with other countries, but this is not the fault of the workers," he said.

...

http://www.france24.com/en/20101024-fiat-would-benefit-shutting-italian-factories-ceo

[HEyHEY]

1. Yeah, and it's been bought buy a chinese group, if I recall

[A HERETIC I AM]

3. No, it hasn't.

It has formed a joint venture with Chery Motors of China, but the company is still an Italian Industrial Conglomerate.

http://en.wikipedia.org/wiki/Fiat

[HEyHEY]

5. Ah, there we go

So yeah... why keep building in Italy as far as these bastards are concerned?

[JVS]

6. Because if people wanted a FIAT poorly slapped together in a politically repressive country...

then they probably would have already purchased a Yugo, Lada, Zastava, FSO Polonez, or Polski Fiat.

[HEyHEY]

7. ha ha

I'm saying that's what they're doing, not saying it's right!

Also, if buddy from Fiat thinks Italians are lazy, he sure as hell hasn't been to China!

That said, the circumstance you describe sound alot like italy when fiat began!

[Hannah Bell]

9. and i believe the agnellis still own large chunks of it.

[gmoney]

2. "Fix it again, Tai"

Yes, they might sacrifice their famed reliability.

[alcibiades_mystery]

4. They want the French protests to spread to Italy?

Good luck.

[Ghost Dog]

8. Fiat would benefit from a new Mussolini regime in Italy.

Italy would benefit from a nationalisation of Fiat.

Mr. Marchionne, I think, is unaccustomed to operating in a country with strong unions.

[xchrom]

10. There all going to say that crap - in one form or another -

In all western.

The lure of cheap labor is like gold fever.