Mike Jackson to Give Keynote Address at the “Automotive News” World Congress

Appearing on CNBC’s Squawk Box and Bloomberg Television, Mr. Mike Jackson Chairman and CEO of AutoNation, was asked about the advantages of Fiat joining with Chrysler as a 36% owner. Mike Jackson felt that a  “deal had to be done”; and with Chrysler concentrated with trucks in the U.S. and Fiat a world class small car manufacturer concentrated in Europe, it is a win - win for both companies. Fiat would bring world-class fuel-efficient technologies to Chrysler allowing the company to excel in its development of improved efficiencies with minimal costs of development. It would bring world-class small cars to Chrysler and it would take years for Chrysler to develop these technologies on its own.

In his keynote address at the Automotive News Conference, Mr. Jackson will address what has led the U.S. auto industry to where it is today and what needs to be done to return the industry to sustainability. Mr. Jackson will address the following problems currently facing the industry….These are the re-normalization of the U.S. financial service industry, the necessity of a significant stimulus package to be provided by the Congress, and especially the need for the newly elected administration to restore confidence and trust in the American people in their institutions.

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                                                                           Bloomberg

                                                                                                             CNBC