Saudi Arabia opens Hajj 1446 registration for domestic pilgrims Priority given to those who have not performed Hajj before, with registration available via Nusuk app and e-portal    Ivan Toney's brace secures Al Ahli victory over Al Fateh in Saudi Pro League    Al Nassr reclaims third place with 3-0 victory over Al Fayha as Jhon Durán shines    Saudi volunteer initiative performs 49 life-changing surgeries in Damascus    Oscar-nominated West Bank feature director says films 'can be part of change'    Sweden's worst mass shooting leaves immigrant community on edge    Saudi Air Force Commander oversees conclusion of Ramah Al-Nasr 2025 exercise, inaugurates expansion of Air Warfare Center    Saudi Arabia declares February 22 as official holiday for private and non-profit sectors to mark Founding Day    Karim Benzema's last-gasp winner sends Al Ittihad to the top of Roshn Saudi League French striker seals dramatic 2-1 victory over Al Taawoun with stoppage-time strike    British conman jailed for six years for running over French policemen    Panama says US 'spreading lies' over free canal passage    Salvador Dalí art comes to India for the first time    Expat remittances jump 14% in 2024, the highest in 2 years The increase attributed to improved salaries and expansion of projects    Saudi Arabia's population crosses 35 million, with non-Saudis constituting 44.4%    Crown Prince announces King Salman Automotive Cluster at KAEC    Heading into a new journey, JAECOO J8 is shaking up the luxury off-road market    GEA hosts mass wedding of 300 couples at "Night of a Lifetime" celebration during Riyadh Season 300 cars and housing as gifts for the newlyweds    Food Culture Festival kicks off in Riyadh's Diplomatic Quarter    Saudi Arabia to present 'The Um Slaim School: An Architecture of Connection' at Biennale Architettura 2025 Syn Architects explore Riyadh's architectural heritage, fostering new pedagogical approaches and global dialogue    Billionaire philanthropist Aga Khan dies    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Fiat-Chrysler merger forecast upsets Italy
Published in The Saudi Gazette on 07 - 02 - 2011

ROME: Fiat and Chrysler could be merged within two or three years into a single company with its headquarters in the United States, Fiat boss Sergio Marchionne said in remarks which upset Italians Saturday.
His comments on Friday in San Francisco were quoted by Italy's Corriere della Sera, prompting the mayor of Turin, Fiat's birthplace, to demand “immediate clarification.”
“It's clear that an international group can have several offices but it would be different if the headquarters were in the United States,” Sergio Chiamparino said.
A number of leading politicians also expressed indignation, and ANSA news agency said talks were planned next week between Marchionne and Economic Development Minister Paolo Romani.
“In the next two or three years we will be able to see a single entity. It could be based here in the United States,” Corriere della Sera quoted Marchionne as saying. “We'll have to integrate the companies first, though, and then look at the management.”
Faced with the outcry, the Labor Ministry Saturday published a statement showing the Fiat chief backing away from his previous remarks in a telephone conversation with Labor Minister Maurizio Sacconi.
In October, Marchionne ignited controversy when he said that “Fiat would be better off if it eliminated Italy”. Trade unions and politicians accused him of “blackmail” in pushing through a tough deal on working conditions at Fiat's flagship Mirafiori plant in Turin to save the factory from closure.
Marchionne had given the workers the stark choice of losing their jobs or accepting more overtime, fewer breaks and shift work for up to 24 hours at a time, promising investment of one billion euros ($1.3 billion) in Mirafiori in return. Fiat, acronym for Fabbrica Italiana Automobili Torino, was founded in 1899 and has 188 factories around the world.
– Agence France


Clic here to read the story from its source.