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Marchionne 'fairly satisfied' with 2013 Fiat Group results

'Excellent results in Q4' says CEO

29 January, 17:34
Marchionne 'fairly satisfied' with 2013 Fiat Group results (see related) (ANSA) - Turin, January 29 - The head of Fiat Group on Wednesday said he was satisfied with 2013 results for the automotive company that includes Fiat and Chrysler. "We are fairly satisfied with the results for the year," said Chief Executive Sergio Marchionne during a conference call with analysts.

"We have had the first encouraging signs from our Premium strategy, with excellent results in the fourth quarter of 2013.

We hope to maintain the same margins in 2014," Marchionne added.

The CEO was making reference to Fiat's strategy to invest in high quality products, like relaunching the Alfa Romeo line, while pulling back on mass market models.