Car market yet to hit bottom - Pirelli Tyre owner

Newswire

By Gilles Castonguay MILAN, Nov 27 (Reuters) - The car market has yet to hit bottom, with demand plummeting in the wake of the global financial crisis, the owner of Pirelli Tyre, Italy's premium tyre maker, said on Thursday. Marco Tronchetti Provera, chairman of Pirelli & C , the holding company of the tyre maker, said consumers would likely wait several months to see if government measures to revive the slowing economy proved successful before they considered making a big purchase ...

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