Fiat SpA, the Italian carmaker that??controls Chrysler Group LLC, plans to narrow losses in Europe this year as sales may recover in the second half.
"We are dragging the bottom, but it;s the bottom" for industry sales in the region, Sergio Marchionne, chief executive officer of both Fiat and Chrysler, said today in an interview at the North American International Auto Show in Detroit. At the same time, "pricing is not great, and that continues to be the most troublesome part of the European market." A revival in demand in the second six months of 2013 is "possible."
Left, attendees visit the Fiat exhibit during a media preview at the Cobo Center in Detroit.
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