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Fiat Chrysler CEO: No major job cuts, alliances in future plans

Mike Manley, Head of Jeep Brand, introduces the new 2019 Jeep Cherokee at its debut at the 2018 North American International Auto Show January 16, 2018 in Detroit, Michigan. More than 5,100 journalists from 61 countries attend the NAIAS each year. The show opens to the public January 20th and ends January 28th. (Bill Pugliano/Getty Images)
Mike Manley, Head of Jeep Brand, introduces the new 2019 Jeep Cherokee at its debut at the 2018 North American International Auto Show January 16, 2018 in Detroit, Michigan. More than 5,100 journalists from 61 countries attend the NAIAS each year. The show opens to the public January 20th and ends January 28th. (Bill Pugliano/Getty Images)

Fiat Chrysler’s new CEO says major job cuts or an alliance with other automakers are not in the plans for Italian-American automaker.

Mike Manley says the company downsized its workforce significantly a decade ago, and smaller cuts have been made since. So unlike crosstown rivals Ford and General Motors, he doesn’t expect any “big bang event.”

Manley took over for the late Sergio Marchionne last year. Three years ago, Marchionne was shopping for a partner and said the industry needed to consolidate to better share huge capital investment costs.

But Manley says FCA is now in a different position and can go it alone. He says at the Detroit auto show that the company has the resources and the balance sheet to stand on its own.