FCA: General Motors’ Lawsuit Without Merit
November 20 2019 - 9:13PM
FCA: General Motors’ Lawsuit Without Merit
Fiat Chrysler Automobiles (“FCA” NYSE: FCAU
/MTA: FCA) confirms that it will defend itself vigorously against
the lawsuit filed yesterday by General Motors. FCA believes General
Motors’ claims are nothing more than a meritless attempt to divert
attention from that company’s own challenges.
This astonishing ploy comes at a time when FCA
is proving itself to be an ever more formidable competitor that
continues to create significant value for all its stakeholders
through the successful implementation of its long-term
strategy. This includes the proposed merger with PSA, which itself
completed the successful turnaround of the European businesses it
acquired not long ago from General Motors.
FCA will deal with this extraordinary attempt at
distraction through the appropriate channels and will stay focused
on continuing to deliver record results while realizing an exciting
vision for the future of the industry. FCA is confident that it
will prevail in defending itself against these claims in court and
will also pursue all available remedies in response to this
groundless lawsuit.
London, 21 November 2019
For further information:tel.: +39 (011) 00 63088Email:
mediarelations@fcagroup.comwww.fcagroup.com
This press release contains forward-looking
statements. These statements are based on the FCA Group’s current
expectations and projections about future events and, by their
nature, are subject to inherent risks and uncertainties. They
relate to events and depend on circumstances that may or may not
occur or exist in the future and, as such, undue reliance should
not be placed on them. Actual results may differ materially from
those expressed in such statements as a result of a variety of
factors, including: volatility and deterioration of capital and
financial markets, including possibility of new Eurozone sovereign
debt crisis, changes in commodity prices, changes in general
economic conditions, economic growth and other changes in business
conditions, weather, floods, earthquakes or other natural
disasters, changes in government regulation, production
difficulties, including capacity and supply constraints, and many
other risks and uncertainties, most of which are outside of the FCA
Group’s control.
- FCA_General Motors’ Lawsuit Without Merit
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