FCA CEO Marchionne Meets with Brazilian President Rousseff and Brazilian Officials

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Sep 04, 2015, 07:00 ET

BETIM, MINAS GERAIS, Brazil, Sept. 4, 2015 /PRNewswire/ -- Fiat Chrysler Automobiles N.V. (FCA) CEO Sergio Marchionne met in Brasilia with Brazilian government authorities President Dilma Rousseff, Vice President of Republic Michel Temer, Minister of Finance Joaquim Levy and Minister of Industry and International Commerce Armando Monteiro to discuss the country's current economic situation and outlook. The meetings occurred as part of Marchionne's regular travel to Brazil to review the Company's operations.

FCA is a global group, with sales and production units in Latin America, North America, EMEA and Asia Pacific. Updates on those markets' economic situations are part of Marchionne's routine and are essential to develop accurate business scenarios.

Brazil is FCA's second largest market in the world, after the United States. Factories in the country manufacture for multiple brands, including Fiat, Jeep®, Magneti Marelli and Teksid. The Company maintains 19 industrial plants, five R&D centers and 42,000 employees in Brazil, and the region posted R$35 billion in revenue in 2014 (more than US$10 billion). FCA is in the midst of a significant investment cycle in Brazil, totaling R$15 billion between 2013 and 2016.

SOURCE FCA US LLC