Fiat CEO Marchionne ‘Cautious’ on 2012 European Margins
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Fiat SpA Chief Executive Officer Sergio Marchionne said the outlook for profitability in the carmaker’s European business is uncertain and said a merger with Chrysler Group LLC is not on the agenda for 2012.
“More than volumes, the question is whether we can extract the same levels of margins,” Marchionne, who heads both Fiat and Chrysler, said today in an interview in London. “We are to some degree cautious on what is possible from Europe next year.”