EU AUTOMOTIVE INDUSTRY DESTINED TO FAIL SAME AS US CARMAKERS IF EU DOESN’T INTERVENE, FIAT CEO SAYS
October 1st, 2012
BY CARMEN PAUN, IN BRUSSELS
THE EUROPEAN Union's (EU) auto sector risks experiencing the meltdown that hit the American industry in 2008-9 if EU political institutions keep imposing detailed new regulations and free trade deals, Fiat CEO Sergio Marchionne told a Brussels conference yesterday.
Commenting on the historical low sales the European auto sector had this year, Marchionne, also president of the European Automobile Manufacturers' Association (ACEA), spoke at briefing organized by ACEA involving senior European auto executives.
He called for the EU to ...
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