European car plant closures more likely -Fiat CEO

Newswire

PARIS, Sept 27 (Reuters) - Fiat Chief Executive Sergio Marchionne believes the European car market's five-year slump makes it "more likely" there will be co-ordinated plant closures across the continent, he said at the Paris auto show on Thursday. "The crisis makes it more likely, but I express no view as to whether it's probable," he told a news conference. Asked how he responded to a call from a Volkswagen spokesman in July that he should step down as head of ...

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