Lunedì, 24 Settembre 2018
MILAN

Marchionne announces 17 new Fiat models, seven updates

English
© ANSA

Milan, January 17 - Fiat CEO Sergio Marchionne said
Thursday that the Turin-based carmaker would introduce 17 models
over the next three years in his bid to remove doubts over
Fiat's commitment to production in Italy.
Speaking at an event devoted to the future of the
automotive industry in the country, Marchionne also announced
updates to seven existing types of car.
Fiat, which is battling a slumping European market and
labor disputes at its Italian plants, is on target to close 2013
in Europe "in line with 2012," said Marchionne.
Fiat stayed seventh among European carmakers in 2012 but
moved closer to BMW, with sales of 798,542 - just 735 behind
its Munich rival - both with a market share of 6.4%.
Last year's sales in Italy, Fiat's largest market, were the
weakest since 1979, reflecting a slump that is hitting
automakers across the continent.
However Fiat managed to increase its market share, the
biggest in the country.
Marchionne said Thursday that profits would be bolstered by
markets elsewhere.
"Things will (continue) to go well in America, Brazil and
China," he said.

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