MILAN -- Fiat is ready to take advantage of any opportunities that may arise from the current economic crisis, Chairman John Elkann said.
"Crises are good times to recalculate priorities and grab opportunities like we did in 2008-2009 with Chrysler," Elkann told reporters on Saturday at a conference in Courmayeur, Italy. "We are ready to take hold of any opportunities that may come up."
Fiat gained control of Chrysler Group as part of the U.S. automaker's 2009 bankruptcy reorganization.
Fiat was downgraded by Moody's Investors Service on Sept. 21 on concerns about increasing competition and that the combination with Chrysler will leave it responsible for the U.S. automaker's debt.
Fiat's European market share through August shrank to 7.3 percent from 8.2 percent a year earlier as deliveries plunged.
The company hasn't made a decision yet on which car models to make at its Mirafiori plant near Turin, Italy, after CEO Sergio Marchionne said in August that he may change production plans for the plant. "We're still working on the plan," Elkann said, declining to give details.