Fiat CEO sees weak European car demand to at least 2014

Newswire

MILAN, Feb 24 (Reuters) - Car demand in Europe will remain weak until at least 2014, the Chief Executive of Fiat Sergio Marchionne said in an interview on Friday. "The demand for cars in Europe is destined to remain low for quite a while to come. At least until 2014. General car manufacturers have too much production capacity," Marchionne said in an interview with Il Corriere della Sera. Marchionne, who is also head of Chrysler, said Fiat's Italian plants have the opportunity to export ...

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