, Columnist
Fiat Bets on Cheap Oil Forever
Marchionne's gamble on trucks and SUVs hangs on geopolitics, the dollar and U.S. economy
This article is for subscribers only.
Fiat Chrysler's silver-tongued chief executive Sergio Marchionne is making an all-in bet that oil prices will stay low forever.
"Low gas prices now seen as permanent condition," Fiat intoned to investors on Wednesday in a business plan presentation for the period until 2018.