Quote Of The Day [Continued]: Sergio's Stunner Edition

Edward Niedermeyer
by Edward Niedermeyer

We were surprised by how little had been done in the past 24 months. It will be a slow progress in the beginning but we will see significant improvement in 2010…. If the numbers end up being as we see today, there is a good chance we will have to put additional stress on the manufacturing system. But it’s too early to tell.

-Fiat CEO Sergio Marchionne in Automotive News [sub, available sub free at CNN]. Is Marchionne just blaming the most convenient possible scapegoat, or did he really take Chrysler on a taxpayer-funded platter because he actually thought Cerberus was doing a bang-up job?

Edward Niedermeyer
Edward Niedermeyer

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4 of 9 comments
  • Timd38 Timd38 on Sep 16, 2009

    Chrysler products are junk. He is looking for more US Government money....

  • Bertel Schmitt Bertel Schmitt on Sep 17, 2009

    Short of importing some Fiats (even that takes time and prep work) NOTHING can be done that would impact 2010. A normal company has already finished its budget for 2010 by now .... Chrysler will present a revised BUSINESS PLAN in 11/09 ... present, not decide, let alone implement .... Mamma mia!

  • Detroit-X Detroit-X on Sep 17, 2009

    Did their big relevation come before, or after, they bought Chrysler?

  • Holydonut Holydonut on Sep 17, 2009

    Bertel Schmitt : Dude, you need to tell me which companies you know that have group budgets/plans set for 2010 already... I need to go send out some resumés.