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Mexico exec fired?

by David Zatz on

Allpar was recently told by a reliable source that Victor Villanueva, head of Fiat Mexico and former head of Mitusbishi Mexico, was fired by Fred Diaz on Friday. Earlier this year, Diaz was given responsibility for Chrysler’s operations in Mexico.

Fred Diaz allegedly asked for the keys to Villanueva’s car and office, handed him a severance check, and told him to leave immediately. Villanueva was reportedly told to get his personal effects, which were already boxed up, the next day.

We have not been given any reasons for these actions. While there was a scandal earlier this year regarding the purchase of Chrysler vehicles at inflated prices by Mexican government entities, the issue could have been Chrysler de Mexico’s perceived underperformance or simply strategic disagreements. It is not uncommon in many businesses for people with access to corporate secrets to be dismissed in this fashion.

We have been unable to confirm or deny this story through official channels.

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