Fiat Chrysler CEO Sergio Marchionne will announce changes in its North American production strategy later this month, the Italian-Canadian executive told Reuters at the North American international Auto Show in Detroit.
Marchionne said he will announce production shifts following the announcement of the automaker’s quarterly earnings on January 27th. The changes will reflect a shift in consumer tastes that has seen pickup trucks, SUVs and crossover sales take off while sales of hatchbacks, sedans and other cars have fallen off.
“In view of the way that the market has shifted in the U.S., in what we consider to be a permanent change… these things are going to set the tone for the way in which we allocate products moving forward,” he said.
The changes will not entail plant closures or lost jobs, Marchionne assured, saying they will mostly consist of changing where certain models are made.