Marchionne: "Siamo a un miglio dall'inferno"

http://www.ilfattoquotidiano.it | Star Sergio Marchionne arrives in Rome. The Fiat CEO enters the courtyard of Palazzo Brancaccio for the ANFIA conference with three escort cars. He doesn't speak to journalists, then listlessly quotes Bruce Springstein and largely repeats what he said yesterday in Turin. "I quote a song by the Boss to say 'we're a mile from hell,'" he then explains, "we're going in the right direction, we've escaped the worst, but we're still not far enough from hell." "In Europe, nothing has changed in recent years," he continues, "rather than exploiting the crisis to restructure the auto industry, Europe has seen national interests and political considerations prevail, preventing one of our continent's most important sectors from abandoning the inefficient model of the past and finally embarking on a virtuous path." He also criticizes the electric car market: "All the regulatory effort to promote electric cars would only lead to an increase in costs, without any immediate and concrete benefit," and he reels off some data: "For every electric Fiat 500 sold in the US, we will lose around 10,000 dollars."