'Fiat can't match Chrysler margins'
China Daily | Updated: 2009-12-08 08:04
|
A vintage Fiat 500 automobile in Rome. CEO Sergio Marchionne said he expects Fiat and Chrysler sales to reach 5.5 million a year before 2014. Bloomberg News |
MILAN: Fiat SpA will not be able to reach an operating margin of 7-7.7 percent targeted by US sister car maker Chrysler because Europe has not cut capacity, Chief Executive Sergio Marchionne told Automotive News magazine.
Photo
