By on February 6, 2011

While America is glued to the flat screen, Fiat gets all the headlines. The other day, Sergio Marchionne had dropped a mention that the HQ of a merged Fiat & Chrysler could move to the U.S. Stateside, this didn’t make much waves. It was buried in shyster-gate. In Italy, all hell broke loose. Fiat emigrating la bella Italia for America? Porca miseria!

Italy’s Welfare Minister Maurizio Sacconi immediately spoke to Marchionne and received a milquetoast statement. “Marchionne has explained the sense of the plans which refer exclusively to future possible company arrangements and which have not been decided,” Sacconi told Reuters.

Fiat Chairman John Elkann had an even better strategy: Overwhelm the opposition. Move to America? Hell no, we’ll move everywhere! He called Turin’s Mayor Sergio Chiamparino, who had said a move of Fiat headquarters to the United States would be “unacceptable”. Elkann told the Mayor that there will be not one headquarters, but four.

There will “one at Turin, one at Detroit for the United States, one in Brazil, and if possible, one in Asia” the mayor said, relating what Elkann told him.

So there, everybody happy. Especially the airlines.

Get the latest TTAC e-Newsletter!

8 Comments on “Fiat Moving To Detroit? And To Brazil. And To Asia....”

  • avatar
    Educator(of teachers)Dan

    Heck, why not.  And if Silvio Berlusconi (a man whom I wouldn’t trust with my wallet or female family members) ticks Marchionne off, it’s an easy move out of Italy to wherever he feels like. 

  • avatar

    Do the execs merely want easier access to the Olive Garden restaurant?

  • avatar

    It is a measure of how bad things must be in Italy that the US, one of the highest corporate tax countries in the world, looks good by comparison.

  • avatar

    Actually, where the headquarters is located doesn’t matter. States and countries tax the business activity in their jurisdiction, not the main accounting department. Only the U.S. taxes the global business of American companies, though there’s a way for companies to keep foreign earnings in their countries of origin. If the deficit cutters go after that loophole, Sergio might be tempted to move Chrysler headquarters to Italy, AFTER he pays off the U.S. and Canadian loans.

  • avatar

    say what you want about Chrysler (and their sub-standard products) but they make a great Super Bowl commercial…

Read all comments

Recent Comments

  • FreedMike: No-ratio, stated income, no-doc… I don’t know what the market share of these crapheap loans...
  • FreedMike: It isn’t, though. When you buy a car, the terms are clearly spelled out on a truth-in-lending form....
  • Margarets Dad: I’m 49, but what business is it of yours?
  • Scott_314: My neighbor bought a new truck. He said the dealer basically lied on the finance application, throughout...
  • deanst: The consumer reports “investigation” is a sad joke. The essence is that people who shop around for a loan may...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber