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Fiat Chrysler may end Mexico output if Trump tariff too high: CEO

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Fiat Chrysler may end Mexico output if Trump tariff too high: CEO

Fiat Chrysler may end Mexico output if Trump tariff too high: CEO*/

– DETROIT Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) Chief Executive Sergio Marchionne said on Monday that if tariffs set in a Trump administration on vehicles made in Mexico and imported to the United States are too high, the company may end Mexican production.“It’s possible, if the economic terms imposed by the U.S. administration on anything that comes into the United States that, if they’re sufficiently large that it would make the production of anything in Mexico uneconomical,” said Marchionne.”We would have to withdraw.
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Fiat Chrysler ready to comply with new rules from Trump administration

Fiat Chrysler ready to comply with new rules from Trump administration*/

– DETROIT (Reuters) – Fiat Chrysler Automobiles (FCHA.MI) is ready to comply with the new rules on the auto industry the incoming administration of U.S. president-elect Donald Trump will introduce, the carmaker’s CEO Sergio Marchionne said on Monday.”We are waiting for the new rules and will adapt to them,” Marchionne said, speaking to reporters at the Detroit motor show.On Sunday Fiat Chrysler said it would invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobs.
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Fiat Chrysler plants in Mexico may close if Trump enacts import tax, CEO says

Fiat Chrysler plants in Mexico may close if Trump enacts import tax, CEO says*/

– The chief executive of auto giant Fiat Chrysler has warned that the company would have to consider closing its Mexican factories if Donald Trump decides to impose his threat of tough new tariffs on imports from Mexico.Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles, said on Monday that the entire industry was dogged by uncertainty since Trump’s election and added that if the president-elect followed through on threats to tax Mexican car imports, he would have to consider shutting factories.“It’s possible that if the economic tariffs that are imposed by the US administration on anything that comes into the United States, if they are sufficiently large, it will make the production of anything in Mexico uneconomical and therefore we will have to move on.
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Fiat Chrysler to add U.S. jobs as Trump puts spotlight on industry

Fiat Chrysler to add U.S. jobs as Trump puts spotlight on industry*/

– A Chrysler Warren Truck Assembly sign is seen in front of the Fiat Chrysler Automobiles (FCA) plant in Warren, Michigan October 7, 2015.REUTERS/Rebecca CookDETROIT Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) said it will invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobs, and possibly move production of a Ram heavy-duty pickup truck to Michigan from Mexico.FCA Chief Executive Sergio Marchionne said on Monday the decision to retool factories in Ohio and Michigan to build new Jeep sport utility vehicles, including a pickup truck, “was in the works and has been in the works for a long period of time.”
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