Fiat CEO "can't see the bottom" of the car market

TURIN, April 9 Tue Apr 9, 2013 9:23am EDT

Related Topics

TURIN, April 9 (Reuters) - Italy's carmaker Fiat CEO Sergio Machionne said on Tuesday it is not yet possible to see a turnaround for the car market.

"For the first time in a long time I can't see the bottom of the car market," Marchionne said in a press conference after the shareholders meeting of the carmaker.

Marchionne said he expects new car sales in Italy to be at 1.3 million in 2013, while European car sales should fall 5 percent.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.