When you start thinking about leaving, choose your moment carefully. Go out while you’re still on top, not when you’re no longer in control of events.
Synergies are not only about cost reduction. Synergies can be access to markets, exchange of products, avoiding overlaps, exchange of best practices.
I think that the best training a top manager can be engaged in is management by example. I want to make sure there is no discrepancy between what we say and what we do. If you preach accountability and then promote somebody with bad results, it doesn't work. I personally believe the best training is management by example. Don't believe what I say. Believe what I do.
We don't know where the markets are going....we have to observe what's going down, see the trends, look at every vibration on the market, prepare the technology and jump when consumers start to think one way or the other
The most interesting information I can have about a competitor is the cost.
Business is tough; you need tough guys.
I always loved cars. I don't know why, I can't explain it to you. It has always been with me.
To face deflation, you have to have people accepting it and not reacting to it.
As the CEO, I have to take care of the short term, mid term and the long term.
When the CEO makes a decision, people don't come back on it.
It would be easier to make money in other sectors, but since I was a kid, I liked cars.
Profit is the most global aspect of a business, and it is cross-functional.
When you're C.E.O., you have to have two conditions: first, shareholders need to trust you and want you to head your company. The second is that you need to feel the motivation to do the job. So, as long as both are reunited, you continue to do the job. And today, they are reunited.
People will always challenge you on an idea as long as it has not been concretized by somebody else.
I approve designs not because I think I am more gifted or somebody who can see ahead three or four years from now, but just to make sure that the design is a logical, rational decision, taken after analyzing pros and cons.
The time is right for electric cars - in fact the time is critical.
I mean, when you're a pioneer and you are at the forefront of an offensive, you're going to be the most optimistic person.
Regulations about environments are going to get tougher and tougher.
I'm the C.E.O., nominated by the shareholders. If they're not happy, I have to take the consequences.
If guys try to make a bigger company for the sake of size, they don't create value in most cases.
At the age of 20 I bought a used Fiat 127. This was the only one I could afford!
Design is important, it's an important dimension in the car. It's not the only one.
Electric cars are going to be very important for urban transportation.
I have my family, my children - I have a lot of outside activities.
Is Europe going to be breaking? I don't think so. I think the euro will stay. I think at the end of the day Europeans will find the solutions in order to hold Europe together.
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