Fiat Chrysler CEO cancels auto show appearance to help with labor talks
Source: Fortune
Chief Executive Sergio Marchionne has cancelled his appearance at the Frankfurt auto show this week after Fiat Chrysler Automobiles FCA 0.00% was picked as the target company in labor talks in the United States, a company spokesman said on Monday.
FCA will get the first shot at setting a pattern for wages and benefits for more than 140,000 unionized factory workers at the Detroit Three automakers, the company and the United Auto Workers union said Sunday.
Marchionne was originally scheduled to meet with the press at the Frankfurt show on Tuesday.
The UAW did not elaborate on its decision to choose FCA to set the pattern for new master contracts it will later negotiate with General Motors GM 0.60% and Ford F -0.29% .
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Sergio Marchionne, center, CEO of Fiat Chrysler Automobiles.
Photograph by Gianluca Colla — Bloomberg via Getty Images
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