Trump Is a ‘Game Changer’ for Auto Industry, Fiat CEO Says
- Marchionne sees Trump’s comments on trade as ‘big issue’
- Fiat shares have gained 14 percent since U.S. election
Marchionne: Trump a 'Game Changer' for Auto Industry
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President-elect Donald Trump’s critical stance toward free trade could affect Fiat Chrysler Automobiles NV’s business in North America, according to the Italian automaker’s chief executive officer Sergio Marchionne.
Trump’s election “certainly is a game changer, mainly because I think that there are a number of conditions in the U.S. which are not yet spelled out,” Marchionne Bloomberg Television at an Alfa Romeo plant in Cassino, Italy. Statements Trump has made about trade are “a big issue” because of the North American Free Trade Agreement’s impact on Fiat’s operations in the U.S., Mexico and Canada.