Fiat SpA will fall short of its 2.7 million sales target for 2012 by half a million units, while Chrysler Group LLC is estimated to hit its goal of selling 2.4 million vehicles, the Italian company said.
Fiat and Chrysler CEO Sergio Marchionne expects both groups to grow to 4.6 million in total vehicle sales in 2012 – however, he still expects to hit his target of 5.9 million vehicles in 2014. To reach that target, Fiat and Chrysler will have to grow by 1.3 million vehicles in combined sales in 2013 and 2014.
When Fiat’s 5-year plan was announced in April 2010, Marchionne said that the Fiat would sell 2.3 million units this year and 2.7 million next year.
– By: Omar Rana
Source: Automotive News