March 5, 2013 / 9:51 AM / in 5 years

Fiat CEO says has lots of options for low-cost brand

GENEVA, March 5 (Reuters) - Fiat Chief Executive Sergio Marchionne said on Tuesday the company had a lot of options for a low-cost car brand.

“We’re working on it,” he said to journalists at the Geneva car show.

Marchionne said the company was still considering what sort of distribution network a low-cost car brand would use.

“The distribution system changes for a low-cost brand,” he said.

He said that no decision had been made on where to build a low-cost brand should the company decide to go ahead with it.

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