Fiat CEO accuses VW of waging price war - report

Newswire

MILAN, July 26 (Reuters) - Italian car maker Fiat's chief executive Sergio Marchionne accused German rival Volkswagen of being too aggressive in its pricing strategy, when conditions are already tough in the European auto industry. "It's a bloodbath of pricing and it's a bloodbath on margins," he was quoted as saying by the International Herald Tribune on Thursday. Marchionne, who is also head of U.S. automaker Chrysler, called for the European Commission to ...

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