Tag: Car market

The future of FIAT and the past of State aids

A prophecy in 2004, from a friend to Curzio Maltese about Mr. Marchionne the freshly appointed CEO at FIAT, said: “this is the man who will destroy the automotive industry in Italy”. The prophecy comes true, but most of policy makers and journalists show great surprise after years of lauds. 7.6 billion euro State aids …

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Fall of Gods

Marchionne has to resign from ACEA position, otherwise Volkswagen will leave the organisation. This is not a result of the FIAT’s assets disastrous ‘financialization’ operated by its CEO, but the announcement made by the Wolfsburg group after Marchionne’s words criticizing the German giant for “being too aggressive in its pricing strategy when conditions are already …

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Decline of the car market

A fall of 1.8 percent year-on-year of cars sold in western Europe in June is expected, economic forecaster IHS Global Insight said on Monday (Reuters). While the market falls, FIAT shrinks. The Italian car-maker is expected to continue the downward trend (-18,1% forecast, 16,5% market loss in the first semester of 2012), while Russian light-vehicle …

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