December 17, 2017
Tuesday, April 29, 2014

Rattazzi: Situation in car industry, 'not so serious’

Fiat Argentina’s president Cristiano Rattazi denied the existence of a “serious situation” in automobile industry and pointed out the need to “seek new markets” to reverse current downward trends in car manufacturing.

He recognized car production dropped by 15% interannually due to “excessive falls in Brazilian markets”.

“Manufacturing [in Argentina] depends on Brazil, the government is right about that,” he explained. “We need to gain access to new international markets like Mexico and Europe,” Rattazzi added and suggested to “go with Brazil in an adventure to compete against the rest of the world”.

Regarding the local industry, he said “workforce layoffs are up to each company” and asserted that Fiat “has no problems because Brazil keeps on buying, even more than before”.

Rattazzi also praised Economy Minister Axel Kicillof, whom he met yesterday at Argentine Industrial Union (UIA). “I like Kicillof because you can talk, discuss, talk back and debate with him,” Rattazzi said during an interview with radio Mitre.

Today executives from the auto industry will join government officials, including Economy Minister Axel Kicillof and Industry Minister Débora Giorgi in a trip to Brasilia to discuss automobile trade balance.

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Tags:  Rattazzi  trade balance  Argentina  Kicillof  automobile industry  

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