ONGOING BATTLE: The friction between Tod’s chief Diego Della Valle and Fiat Chrysler Automobiles chief executive officer Sergio Marchionne reached a crescendo on Monday when the entrepreneur issued a release to once again chastise the latter. “Marchionne lecturing us Italians on what and how we should act as he underscores his ‘Italian pride’ is shameful and offensive,” said Della Valle, referring to a recent comment made by Marchionne on the subject. “If he feels proud to be Italian, he should start with paying his personal taxes in Italy where Fiat employees pay them.” As he did in 2012, Della Valle called Marchionne a “cosmopolitan furbetto [the Italian word similar to sly]” and said that, for the past 10 years, the executive never followed through on his promises, on the other hand “promoting his own and his friends’ agenda.” He concluded by saying: “Italians who are going through a terrible crisis can gladly do without people like Marchionne. Let’s hope he, too, understands this, and that he stops giving lectures that are unrequested. Italy is filled with serious, big and small entrepreneurs that love their products and that are really proud to be Italians and prove it every day with facts. Let’s attend to them as they really deserve it.”
Della Valle’s remarks come on the heels of reports of a possible ousting of longtime friend Ferrari chairman Luca di Montezemolo, whom Marchionne defined “not indispensable,” as he criticized the Formula 1 team’s six-year long dearth of victories. (Ferrari is under the FCA umbrella).