“None of us is currently in great shape,” Marchionne says of auto makers.
BRUSSELS – The European Union’s auto industry risks a meltdown similar to the one that hit U.S. auto makers in 2008-2009 if political institutions keep imposing detailed new regulations and free-trade deals, Fiat CEO Sergio Marchionne tells a Brussels conference this week. Commenting on the historically low sales EU auto makers have suffered this year, Marchionne, who also serves as president of the ACEA, the European automobile manufacturers’ group, tells the gathering ...
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