Marchionne seeks profits south of the border

moparnut

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In August, Fiat Chrysler CEO Sergio Marchionne told Automotive News’ Larry Vellequette, “If you move the truck back here, which is [the UAW’s] domain, [and move] all the cars that we get killed on somewhere else, we could actually make sense of this bloody industry and actually increase the number of people employed in this country and really share wealth because we are making money…”
Marchionne’s quote appeared in a story filed by Mr. Vellequette on September 17.
At first glance, it makes sense: the cost of labor in Mexico is a fraction of that in unionized U.S. plants, and the Dodge Dart and Chrysler 200 sell on lower margins than pickups or some Jeeps. (...) →


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