Sergio Marchionne's Economic Forecast
Published: August 13th, 2011
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Are we “out of the ditch”? While some in the world of financial analysis say the US is headed for a double-dip, Fiat-Chrysler CEO Sergio Marchionne reckons the worst is behind us, but that growth from here will be painstakingly slow. Right or wrong, at least Marchionne isn’t falling victim to the irrational optimism that traditionally infects the auto industry…
More by Edward Niedermeyer
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I always prefer honest, slightly conservative projections when it comes to this kind of thing. As we used to say when preparing for any future endeavor: Hope for the best but prepare for the worst.
There's not gonna be a recovery. Not without massive paradigm shifts, anyway (like a global war). Even if there will be, oil price hikes will just cut those gains, anyway. And us folks here in the East are just gonna outbid you there in the West on EVERYTHING.
The US economy is tanking Europe the same Sergio can see it hes not stupid hes building a car presence from scratch Chrysler has been a dead brand for many many years especially outside the Us and Fiat has no cachet to fall back on given the crap they used to make so good luck ti him hes got a hard row to hoe.
Claiming that the worst is behind us is the new irrational optimism. I wouldn't believe Sergio's statements here anyway. He's not wearing his sweater.