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Europe,
Volkswagen,
Fiat
Fiat chairman
Sergio Marchionne said Friday he will keep his title of President of the European Automotive Manufacturers Association [ACEA], a day after he excoriated
Volkswagen executives for calling for his resignation and suggesting in public that Fiat would not survive the economic recession in Europe without a government rescue.
The ACEA CEOs met at the
Paris Motor Show, as they do every year, Friday morning after Marchionne, meeting with reporters Thursday, dared VW executives to call for his resignation in the meeting, in compliance with the lobbying group's governance. Marchionne called "reprehensible" recent actions by VW executives, including supervisory board chairman
Ferdinand Piech (right) and CEO
Martin Winterkorn (left) for calling for his resignation from ACEA through the VW press office.
Indeed, Stephan Gruehsem, VW's chief spokesman, said in July that Marchionne was not qualified to head the ACEA and threatened that VW would quit the organization after a
New York Times article said that Marchionne blamed VW's pricing strategy for creating a "bloodbath" in Europe.
Continue reading Sergio Marchionne calls VW execs 'reprehensible,' singles out Piech
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Sergio Marchionne calls VW execs 'reprehensible,' singles out Piech
