11/16/2011 02:02 EST | Updated 01/16/2012 05:12 EST

Fiat-Chrysler leader says Italy's financial crisis could play role in combining companies

TOLEDO, Ohio - Chrysler's chief executive says the economic instability in Italy could affect where it puts its headquarters when the automaker combines with Fiat in the coming years.

Chrysler is now run by Italian automaker Fiat SpA. Sergio Marchionne is CEO of both companies and already working toward bringing the two automakers together.

Marchionne says the economic situation in Italy bears watching. But he adds that the current situation won't force Fiat to move away from Italy.

He also says that Fiat will remain committed to Italy's industrial backbone. It's now Italy's largest employer.

He addressed the company's future Wednesday after announcing plans to add 1,100 jobs at a Chrysler Group LLC assembly plant in Toledo, Ohio, by late 2013.