Mexican Media Brands
Fiat to Lower Outlook for European Auto Market
Fiat SpA will cut its forecast for Europe's car market for 2013-2014 when the company updates its current business plan on Oct. 30, Fiat-Chrysler CEO Sergio Marchionne tells reporters.
#economics
Share
Fiat SpA will cut its forecast for Europe's car market for 2013-2014 when the company updates its current business plan on Oct. 30, Fiat-Chrysler CEO Sergio Marchionne tells reporters.
He notes that the region's sales picture has altered dramatically since he presented Fiat's five-year program in 2010.
Marchionne says Chrysler also will revise its outlook for the coming two years. But he did not elaborate on how the U.S. company's projections might change.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.