
Busy week in Rome this week. Many celebrities in town. All the bosses from the big corporates were in town for the industrialists’ meeting, and for the seismic waves emanated from it, conferences and the like.
So today at 5pm Mr Marchionne appeared magically (from Detroit? from Berlin? from some Ministero?) in steamy hot hot-house Rome, wearing his Linus-style blue jumper in an appropriately sub-zero air conditioned conference room. He sipped an espresso in religious silence at the speakers’ table in front of a couple of hundreds of eyes. I thought the moment was very Louis XIV.
Bits and pieces. He explained platforms and said that an Opel today has a 80% Fiat Punto skeleton. So the operation should make a lot of sense to the German government, if you know that I mean. (But we’ll see how that turns up over the weekend).
He also said that in the car industry top management either comes from the back – the kitchen, ie the factory - of from the glitzy front, the Geneva Car Show. But the car industry cannot look pretty and sassy in the front if it does not clean up its ugly kitchen. (For sure there were some greasy c(r)ooks at the helm, in those kitchens…)
He said that the car industry has been destroying value for too many decades. (That makes a lot of sense. If the car industry were the IT one, we would still be running Lotus 123 and playing Pac Man, with advertising on TV boasting “green figures on a black background: cool!”).
He explained the negative Net Working Capital mechanism. You get paid for the sale of the car before you pay the metal that goes in it. Sort of magic. That magic stops when you stop producing.
He said that the car industry did all sorts of monkey corporate behavior. Buy financial services. Sell them. Buy components manufacturers. Sell them. They tried all the tricks. Now it’s over. (Good auto-critique…or car-critique). Continue reading ‘Marchionne’s auto-critique’
Also a Berlin favorite, Die lange nacht der Museen, moored to Rome’s cultural shores yesterday night. “I’ll wait for you until late at night” was the tag line for this event.
The ambiance was groovy – pity there was no music, some techno would have done the trick – hectic green laser installations by Arthur Duff and rounds of ruby-red campari soda. 







A few months ago we were all longing for winter in Winterfeldplatz in the middle of Fall’s colourful vegetables….now it’s the turn of Rome, and her 
The Bar Necci will reopen tomorrow night in the quartiere Pigneto, only 14 days after the arson attack. The same builders and carpenters who refurbished it have re-created the caffé, apparently only the original wallpaper was impossible to source but all the rest should be there!

…..7pm, from via del Corso to Ara Pacis



