On the heels of “an incredibly difficult year,” 2010 is not the right time for Italy to discontinue scrappage incentives, Fiat Group CEO Sergio Marchionne warns. Sales of Fiat’s core A- and B-segment vehicles will be diminished, profitability will be eroded and the auto maker’s debt load will escalate if Italy, its home market, fails to renew a 2009 program that rewarded consumers for replacing older vehicles with new models featuring low-emissions powertrain technology. “My view is ...
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