Fiat Chrysler CEO expresses concern over Trump´s effect on auto industry

Chief executive officer of Italian car-maker Fiat Chrysler Sergio Marchionne has said that a Donald Trump presidency will cause harm to the auto industry, after the president-elect said he would introduce a tax levy for companies who do business outside the US.

One of the "Big Three" car manufacturers in America along with Ford Motor and General Motors, Fiat has said that it will work with the Trump administration, but big changes could be afoot in its industry.

Marchionne was speaking to Bloomberg TV at an event in its Alfa Romeo plant in Cassino, Italy.

Trump's victory "certainly is a game changer, mainly because I think that there are a number of conditions in the U.S. which are not yet spelled out."

The president-elect said during his campaign that one of his main aims was to bring more jobs to the US, by placing restrictions on companies who manufacture products abroad, in the likes of China and Mexico.

Ford faced particular criticism from Trump because it manufactures some of its cars in factories in Mexico.

Fiat makes most of its profits in North America, and many analysts have suggested that the 35% levy that Trump has proposed to slap on products made in other countries could hurt its profits considerably.