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"We can't run the risk in Naples of a social revolt caused by the problems that we are experiencing. A social problem is being created with workers who are ready to man the barricades," Terraciano said in a statement.
"We need to work to find an adequate situation to restore trust." Fiat Chairman John Elkann said in an interview with the weekly Panorama news magazine that Fiat expects to finish 2012 with better results than in 2011, when it doubled earnings thanks to strong results at Chrysler. Elkann defended the decision to delay new car launches in Europe, which has slowed investments. "Luckily, we delayed some launches. Our competitors continue to push new products and are suffering a lot. Fiat has always been brought to its knees when consumption decreases. For the first time, this has not happened because we manage investments," Elkann said. Fiat's partnership with Chrysler, he said, had helped protect it financially from the crisis, noting that while Fiat was losing money in Europe, the partnership was posting earnings in the United States, Brazil and Asia.
[Associated
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