Italian, European car markets have not hit bottom- Fiat CEO

Newswire

GRUGLIASCO, Turin, Jan 30 (Reuters) - Italian carmaker Fiat Chief Executive Sergio Marchionne said on Wednesday that the Italian and European car markets have perhaps not yet hit bottom and will slump for the sixth year in a row in 2013. "The Italian and European car markets are in a free fall and perhaps have not yet hit bottom," said Marchionne, who is also the chief executive of Chrysler, at the opening of a new factory outside Turin. Italian car sales are ...

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