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Chrysler CEO Sergio Marchionne says that sequester will not affect Chrysler’s plans.
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-- we have some breaking news you heard it here first class our Indiana governor Mike Pence saying Chrysler will create the world's largest transmission -- complex in his very own state.
Just like the flats with Chrysler event in Kokomo Indiana with a deep down I think yet so cool well.
-- -- Huge announcement huge announcement and I've got -- chairman CEO.
Fiat and Chrysler the biggest transmission facility in the world here.
Bird farm bill made over two million resolution.
Over two million transmissions I've got to ask you you're expanding at a time when we've got this budget sequester.
Going on.
Do you know what the sequester -- -- do you care.
You know what sequestering is it doesn't apply the prices.
-- presented to invest in what I considered to be now.
I think there will be viable business I think that we made -- -- for years -- when we started us.
The recovery plan.
The reading taken thousand.
-- -- President will be uniquely positioned in the US and international markets.
Are you not worried about what what happened with the economy with this is a sequestered concern you all.
Know it doesn't as -- mentioned the last -- -- Americans.
I understand -- -- As part of the ritual minutes.
For me to express a view of the -- -- -- sensible but part of it.
-- Hawaii today nor do I think it's gonna have a negative impact from all news or -- traditions -- In the United States for 2000 for.
Of course you come from Italy where the political situation at the moment is not the most stable in the -- I come from a variety of places part of which.
-- of some type of permanence and business singled out that if he's going through.
And I think the inability to resolve and political leadership vision and experience.
Both governments of the country -- causing.
Some level some apprehension -- international still certainly within the country.
I have faith that the system all for what we find those solutions go out to go forward.
It's unfortunate that we have development displays -- -- -- So I think we need to make the best.
Hello woman deserved to be on the side and go action.
We needs open government country shall we find a way to get a gun and sure there will -- -- you'll find the solution.
Perhaps you can government better -- we get away real quickly on the subject to potential IPO.
For Chrysler what would you put the chances that that right now and how close you've said.
-- most recently you would be willing to buy as soon as you can afford it how soon can you afford it and how soon do you think.
There's a 100%.
Likelihood the Chrysler would be ready to file you know.
The ability to execute on the part of you have to try -- -- -- your effectively create one organization.
In my ultimate objective.
The -- your best estimate is 5050 that we don't know I think a lot of that depends.
On Walter -- told.
Professional people who -- -- fuel might view Veba.
On the basis something you'll have to make the call but I think we're at the very early both -- of your stages.
Award of a multi team multi month -- Undertaking well I thought the banks.
Left foot conversations -- we -- left to change ourselves you know season for corporations involved.
All these things to happen relatively short order but I don't see any clarity in the from the first quarter.
Because not only that their -- obviously a lot of people want to talk to him at this point but that's breaking news just so you know -- about -- 100%.
That they'll go forward with the IPO whether or not it would full come to full execution -- not but that's another matter of life.
Breaking news for you right there from search -- Marchionne in addition to the breaking news on the largest transmission facilities in the world.
We've created here and Indiana.
Good stuff.
