TURIN, Italy (Reuters) -- Here are some of Chrysler and Fiat CEO Sergio Marchionne's comments from a speech to analysts entitled "Creative reconstruction after the perfect storm," given in a presentation at Fiat's headquarters.
Some of the remarks were also part of Marchionne's introduction to Fiat's five-year plan today.
"Much has been written in the last few months about Chrysler and its prospects for the future ... The financial analyst community has been particularly active in anticipation of today's event. And to be honest, some of the reports I have read, from what I used to consider intelligent and reasonable people, have taken on the tinge of boulevard press writings."
"The most benign interpretation is that they abused Albert Einstein's maxim that 'imagination is more important than knowledge.'"
"This disclosure process (on Chrysler accounts) is being instituted in the spirit of increasing the transparency around the company's financial position that has been a point of contention with stakeholders in the last few years."
On Fiat's executives:
"A team of leaders for whom courage has become a way of life. The team leading Fiat is a team of determined individuals who have embraced global competition as a challenge ... and who, like a hurdle runner, see obstacles as an opportunity to demonstrate their worth."
On the crisis that hit the car industry in late 2008:
"The shockwave it created hit the world so hard that only a war could have been more devastating."
"Our meltdown scenario ... a simulation which seemed completely unrealistic at the time, was later proved to have been too conservative."
"I am not quoting ... numbers to offer excuses, but rather as a reminder of how steep the crevasse that had opened up on the road ahead of us was."
"For a company, crisis can also bring out the best, like a period of reconstruction after a war."
On Fiat's new chairman, John Elkann:
"He and I ... have navigated the last six years together through some pretty shark-infested waters."
"Notwithstanding his young age (34), he has now reached the right level of seasoning and maturity to assume the role."