Fiat Chrysler workers and investors are getting anxious to hear more details on company CEO Sergio Marchionne’s new production plan, which he first outlined in January of this year.
Under Marchionne’s new production plan, the Chrysler 200 and Dodge Dart would “run their course,” as the eccentric CEO put it, in order to free up space at FCA’s plants to produce more trucks and SUVs. It’s not clear how long the 200 and Dart would stick around the new plan, however, which along with a host of other unknowns is making employees and Wall Street hungry for info.
As The Detroit Free Press points out, Marchionne has the opportunity to divulge more about the production plan when he announces FCA’s first quarter earnings tomorrow. The Italian-Canadian businessman has been known to make major announcements when sharing the company’s quarterly results, but experts aren’t convinced he will talk about the production plan Tuesday.
“It would be nice to see some clarity, but I don’t think we are going to hear anything right away,” Stephanie Brinley, an analyst at IHS Automotive, told The Free Press.
FCA is currently looking for partners to build the replacements for the Dart and 200. This will allow FCA to build more Jeep and Ram-branded vehicles, a decision inspired by the “permanent,” shift in consumer tastes towards larger vehicles, Marhcionne said in January.
“We need to re-utilize those plant infrastructures to try and deal with the development of both Jeep and the Ram brand,” he said.