Sergio Marchionne and the managing director and John Elkann, Chairman of the Board of Directors of Fiat revealed that The automaker’s goal is to achieve a net turnover of 51 billion euros in 2014 and an operating margin between 4.3% and 5.1%
During the presentation of a strategic plan, he said rely upon a European car market of 16 million units in 2014.
Sergio Marchionne added that the total synergies from the merger with Chrysler, now 20% owned by Fiat, would be 1.5 billion euros by 2014.
The combined turnover of the two manufacturers will be 93 billion euros in 2014, sued the managing director of Fiat and its operating profit of 6.8 billion.