Fiat Chrysler Aims for Better Margins Than GM on Way to Payouts
- Marchionne’s goal: Pass U.S. peers in his last quarter as CEO
- ‘It’s time to reward shareholders,’ he tells Bloomberg TV
Fiat CEO Marchionne on Leadership Changes, Profit Margins, Dividends
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Fiat Chrysler Automobiles NV is aiming to earn bigger North American profit margins than Ford Motor Co. and General Motors Co. as soon as this year, paving the way for payouts to shareholders.
Chief Executive Officer Sergio Marchionne’s desire is to beat Ford and GM in the fourth quarter, the last of his tenure, he said during a Bloomberg Television interview in Amsterdam. Fiat Chrysler plans to top its peers “by far,” he said after the Italian-American carmaker’s annual meeting.