"Fiat S.p.A." Registered Office: via Nizza 250, Turin Share capital ...

Mr. MARCHIONNE, other than keeping politics out-
side the gates at via Nizza;
he thinks that a lot of credit should go to Mr.
MARCHIONNE for the fact that today’s meeting was
even taking place, because he had revolutionized
FIAT, changed the rules of engagement on the labor
front, divided institutions, divided the trade un-
ions, away from politicians, divided businessmen
and overcome some of the principle failings of the
Italian economy, imposing his mark on FIAT;
he thinks that the time has come to turn a new
leaf and change plans if FIAT is to compete with
BMW, AUDI, VOLKSWAGEN and TOYOTA, otherwise pro-
duction should be moved to where it is cheapest
and the labor environment is more stable;
he thinks that the policy of government bailouts
could still have terrible consequences, and that
there is a need to re-establish the values of cul-
ture, integrity and professional and that a proper
work ethic is fundamental. He himself worked for
42 years;
he thinks that Mr. MARCHIONNE has the right skills
to face the problem which FIAT is facing and is of
the opinion that people should work hard and speak
less so that the facts and numbers do the talking;
he told Mr. MARCHIONNE that he did not like his
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