Marchionne confirms Fiat’s 2013 targets, sees no European market recovery

March 5, 2013

Fiat CEO Sergio Marchionne today confirmed the company’s 2013 profit targets and said he saw no recovery in store for Europe’s car markets this year.

“I don’t see any glimmer of hope [for a European market recovery] this year,” he told journalists at a press conference at the Geneva auto show.