Seeking Alpha

Fiat (FIATY.PK) wants to increase its exports to the U.S. as overcapacity in Europe leaves it...

Fiat (FIATY.PK) wants to increase its exports to the U.S. as overcapacity in Europe leaves it with plenty of cars to offload, with CEO Sergio Marchionne saying it plans as many as 200 dealers in the U.S. over the next year. As opposed to Europe's slumping automobile demand, sales in the U.S have improved this year to the point that a few bullish analysts are calling for June sales numbers to come in north of the 14M mark when automakers report tomorrow.
Comments (1)
  • Auto sales are up due to the renewed creative financing options, same as employed during the 2004-2008 run-up to get anyone breathing and employed into a new car that they "deserve"!
    2 Jul 2012, 12:34 PM Reply Like
DJIA (DIA) S&P 500 (SPY)