Marchionne: ‘Successful transformation’ is underway for Chrysler

Chrysler Group LLC Chief Executive Officer Sergio Marchionne

According to Sergio Marchionne, CEO of Chrysler and Fiat, Chrysler Group has laid the groundwork for what he calls a “˜successful transformation”. Marchionne addressed workers in a message whereby he raised the company”s operating profit forecast for the year and announced a narrowed net loss for the third quarter.

“The changes we are bringing about are beginning to enter into the DNA of the company,” Marchionne said in the message. “You can tell by how the language and tone of conversations have changed, by the long hours people are working, and by the way teams form and function.”

Marchionne emphasized that he knew from day one that it would be a long road back to recovery, and that the company has hit milestones and made progress in certain important areas.

– By: Stephen Calogera

Source: Automotive News (Subscription Required)