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The European downturn has reversed Fiat-Chrysler CEO Sergio Marchionne's priorities. Instead of trying to get enough cash together for a full takeover of Chrysler Group, Marchionne must use the company's money to fix Fiat's European operations, which aren't expected to reach breakeven until 2015 at the earliest. Marchionne has high expectations for the Jeep brand, which he wants to make a global powerhouse. He is worried that European automakers will face massive challenges unless there is an EU-driven reduction in carmaking capacity. The 60-year-old executive discussed these issues and more during an interview at his Turin office with Automotive News Europe Editor-in-Chief Luca Ciferri.
