Fiat S.p.A. and Chrysler Group will have a single management structure soon, Sergio Marchionne, CEO of both companies, said Wednesday, as he takes another step toward merging the two automakers.
Marchionne plans to announce a unified structure "in terms of leadership pretty quickly," the executive told reporters in Zurich after a speech at the Swiss-American Chamber of Commerce.
Marchionne, 59, declined to say whether the announcement would come along with Fiat's quarterly earnings report on July 26.
Marchionne is working on management changes as he steps up the integration of the two companies. He plans to merge the carmakers to reduce costs and achieve a target of more than 100 billion euros ($140 billion) in combined revenue by 2014.