Last hour: Fiat will not leave Italy image

Last week, Fiat and Chrysler CEO Sergio Marchionne has unveiled the possibility to move FIAT’s headquarter to the U.S. His comments caused outrage in Italy, where Fiat is a national symbol and the country’s largest private-sector employer.

Yesterday, Marchionne meet Silvio Berlusconi, prime minister of Italy. The meeting confirmed that the company would stay in Turin.

Fiat chairman John Elkann said: “Fiat would never abandon Turin.”

Berlusconi’s office added: “John Elkann and Sergio Marchionne have confirmed to the government the intention of pursuing the Italian group’s development objectives.”

“Fiat’s heart is and will remain in Italy but our head must be in many places. In different but complementary operating headquarters, and there is nothing strange about this”.

The statement was made by Fiat CEO Sergio Marchionn during a hearing before the Chamber of Deputies, specifying however that a decision on the company’s headquarters has not been taken yet.

Photo credit: REUTERS PICTURES