Mexican Media Brands
Marchionne Says FCA Could Break Even in Europe in 2015
Fiat Chrysler Automobiles NV may break even on operations in Europe this year, says CEO Sergio Marchionne.
#economics
Share
Fiat Chrysler Automobiles NV may break even on operations in Europe this year, says CEO Sergio Marchionne.
Marchionne previously forecast the unit, which posted an operating loss of €520 million in Europe in 2013, would at least break even in 2016. He has updated his prediction in part because of "extremely positive" sales of the recently introduced Jeep Renegade and Fiat 500X small SUVs.
The popularity of those vehicles prompted FCA to announce on Monday it will hire 1,000 workers at its plant in Melfi, Italy, which builds both models. Fiat's goal is to generate enough sales to return all its factories in Italy to full production by 2018.
RELATED CONTENT
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.