Fiat is cutting investments in Europe by 500 million euros ($632 million) on expectations that the region's auto market won't recover in the second half.
"The capital expenditure reduction is about half a billion euros from what we planned last year for 2012 in Europe," CEO Sergio Marchionne said late Thursday in an interview in Madrid, where he's heading the annual gathering of the European auto association ACEA.
A recovery in Europe "depends on many factors: first Greece, then the way in which the euro currency will continue and what Europe will do to sustain growth," the CEO said.
Fiat, which owns 58.5 percent in Chrysler Group LLC, has stopped additional investments and postponed the introduction of new models in Europe.
Read more
The front-drive Giulia (the name is used internally but is not final) will arrive as a saloon first and then a Sportwagon.
Als ze dan Alfa maar gelijk verkopen aan VW. Beter dat, dan straks een showroom binnen lopen waar Alfa's naast Opels staan.naaa, laten we eerst opel voor een appel en een ei overnemen:
http://www.telegraaf.nl/autovisie/autov ... el___.html
lijkt me beter te concentreren op een merk in azie
Benieuwd of dat opnieuw tot uitstel gaat leiden voor de Alfa modellen.COLUMBUS, Ohio -- Sergio Marchionne, who heads Fiat and Chrysler Group, will revise two-year growth plans for both automakers later this month to reflect the slump in European auto sales.
To assume that Fiat's outlook for Europe is going to be confirmed "is nonsense because the market won't be there," Marchionne said. "We will be updating our forecasts for '13 and '14 as a consequence."
Read more