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Author Topic: Fiat CEO sees double-digit Italy June sales drop  (Read 148 times)
Letsbereal
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« on: July 02, 2012, 07:19:29 AM »

Fiat CEO sees double-digit Italy June sales drop
1 July 2012
, by Gilles Castonguay - Turin, Italy (MarketWatch)
http://www.marketwatch.com/story/fiat-ceo-sees-double-digit-italy-june-sales-drop-2012-07-01

Fiat SpA (FIATY, F.MI) Chief Executive Sergio Marchionne Sunday said new car sales in the Italian automaker's home market had fallen in the "double-digit" range in June, the latest reminder of the battering automakers in Europe have suffered as the crisis has turned off drivers from visiting showrooms.

"For Italy it will be less than 20% down...down by a double-digit number on (the same period in) 2011," he told reporters on the margins of the presentation of a new truck by Iveco, which belongs to Fiat's sister company, Fiat Industrial SpA (FNDSF, FI.MI).

Mr. Marchionne said he was sticking with his forecast for new cars sales in Italy this year: 1.4 million units. "I've always called it at that."

In 2011, sales totalled 1.7 million units, a level last seen in 1996.

Italy publishes the monthly figures Monday.
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