fiat ceo pessimistic about european market picking up
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Fiat CEO pessimistic about European market picking up

Arab Today, arab today

Arab Today, arab today Fiat CEO pessimistic about European market picking up

London - ANSA

Fiat CEO Sergio Marchionne warned that Europe's automobile market is in "severe contraction" on Tuesday and said he was pessimistic about the likelihood of it turning around soon. The European automobile market "unfortunately is in a phase of severe contraction" that "reflects economic conditions - one will have to wait a long time for a trend reversal," Marchionne said on a visit to the new Fiat plant in Kragujevac, where he met with Serbia's new president, Tomislav Nikolic. "I am still pessimistic about 2012-2013. We'll have to see in 2014," Marchionne added. Fiat reported a slump in sales on the sluggish European market of 20% in August and July. Marchionne said in July that the carmaker may have to close one of its plants in Italy if weak demand on the European auto market continues. Fiat temporary laid off workers at Pomigliano plant near Naples late last month because of weak demand and it is set to halt production there again from Sept. 24 to Oct. 5 for the same reason.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fiat ceo pessimistic about european market picking up fiat ceo pessimistic about european market picking up

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fiat ceo pessimistic about european market picking up fiat ceo pessimistic about european market picking up

 



GMT 03:07 2017 Wednesday ,25 January

Health care veterans, pioneers awarded

GMT 05:44 2017 Saturday ,11 November

Business as usual as Hamilton dominates Brazil practice

GMT 11:08 2018 Thursday ,25 October

Russia to be at very high level at conference on Libya

GMT 15:00 2012 Saturday ,21 April

Nelly Karim: Egypt akin to \'Hiya Fawda\'

GMT 03:02 2018 Saturday ,20 January

Egypt's President Sisi says will stand for re-election

GMT 00:51 2017 Tuesday ,24 October

HH the Emir Meets Foreign Minister of Kuwait

GMT 05:42 2017 Saturday ,02 September

64 dead in clashes in Raqa province

GMT 00:08 2017 Sunday ,05 March

Desperate migrants escape Libya 'hell'

GMT 19:24 2016 Saturday ,12 November

Israeli air forces attack Syrian position in Qunaitera
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday