Sergio Marchionne calls VW execs ‘reprehensible,’ singles out Piech
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.
Sergio Marchionne calls VW execs ‘reprehensible,’ singles out Piech originally appeared on Autoblog on Mon, 01 Oct 2012 08:01:00 EST. Please see our terms for use of feeds.