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Marchionne: Chrysler stake to increase within “days;” denies Alfa delay

by Bill Cawthon on

Agence France Presse (AFP) is reporting that Fiat CEO Sergio Marchionne says the Italian automaker will increase its stake in Chrysler to 30 percent level within days.

“There are just a few details to be ironed out, which do not depend on us,” Marchionne told reporters journalists at Balocco, near the northern city of Turin, adding that it could happen “in the coming days” and possibly as early as Tuesday.

Just last week, Marchionne’s timetable was 30-60 days.

Marchionne also denied earlier reports of a delay in the debut of Alfa Romeo to the North American market but did not contradict insider statements of delays in the development of the new Alfa Romeo Giulia and next generation Chrysler 200 and Dodge Avenger.

Marchionne was in Balocco, a northern Italian city near Turin, for the unveiling of a new Jeep model.

Bill Cawthon grew up in the auto industry in the 1950s. His Dad worked for Chrysler and Bill spent a number of Saturdays down on the plant floor at Dodge Main in Hamtramck. Bill is also the U.S. market correspondent for just-auto.com, a British auto industry publication, and a member of the Texas Auto Writers Association, which has named the Jeep Grand Cherokee the “SUV of Texas” several times and named the Ram 1500 as the “Truck of Texas” two years running.

Bill has owned five Plymouths (including the only 1962 “Texan”), one Dodge and one Chrysler and is still trying to figure out how to justify a Wrangler. He also has owned at least one of every 1:87 scale model of a Chrysler product. You can reach him directly at (206) 888-7324 or by using the form.


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