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Tuesday, 20 December 2011

Fiat Cuts 2012 Sales Predictions by Half a Million Units

Fiat reported that its sales forecast for 2012 have fallen a staggering 500,000 units, adjusting the initial forecast from 2.7 million to a more modest target of 2.2 million units. Its Chrysler arm is forecasted to sell 2.4 million units next year. Yet while forecasts have lowered, Fiat CEO Sergio Marchionne’s target remains high and maintains his ambition for 5.9 million total sales by 2014. By that measure,...

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