Fiat hires Jack Welch

TURIN, Italy - Fiat S.p.A., parent of Fiat Auto, said Friday it has hired Jack Welch, General Electric Co.'s former CEO, as a consultant as the automaker prepares to cut production more than it had planned.

Welch, a highly regarded manager who has been a Fiat board member for more than a year, retired from General Electric in September.

Fiat has said it will lose about $720 million this year as it cuts jobs and closes factories at its car unit, which has lost money for three straight years. A Fiat spokesman said the automaker will cut production by 8,300 units in the next two months, rather than by 1,800 as it had said.

ATTENTION COMMENTERS: Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.


Email Newsletters
  • General newsletters
  • (Weekdays)
  • (Mondays)
  • (As needed)
  • Video newscasts
  • (Weekdays)
  • (Weekdays)
  • (Saturdays)
  • Special interest newsletters
  • (Thursdays)
  • (Tuesdays)
  • (Monthly)
  • (Monthly)
  • (Wednesdays)
  • (Bimonthly)
  • Special reports
  • (As needed)
  • (As needed)
  • Communication preferences
  • You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.