Jan 15 (Reuters) – Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne told reporters in Detroit:
* BELIEVES MAKES MORE SENSE TO USE CASH TO BUY BACK SHARES THAN TO PAY OUT DIVIDEND
* WHEN ASKED ABOUT A POTENTIAL JEEP SPIN-OFF, SAYS SEPARATING BRANDS FROM THE GROUP IS A “COMPLEX MATTER”, WOULD NOT DISTANCE HIMSELF FROM INTEGRATED SYSTEM MODEL
* STRATEGY TO 2022 WILL INCLUDE PLANS TO FULLY UTILIZE ITALIAN PLANTS, ALSO BY USING NEW MODELS FROM THE JEEP BRAND Further company coverage: (Reporting by Milan newsroom)
Our Standards:The Thomson Reuters Trust Principles.