Hey all you Ram fans, looks like two years after Fiat stepped in and saved Chrysler from a dire situation, the US operation is now keeping Fiat out of the fire. Automotive News' Luca Ciferri says, in Chrysler saving Fiat? Odd, but true , "Actually, Chrysler is only marginally ahead of what CEO Sergio Marchionne expected in his original restructuring plan (two years ago). The main problems are here in Europe: aging Fiat vehicles, Europe's faltering economy, and the sovereign debt and euro crises. Sales in Italy this year are spiraling down to a 15-year low. "A decade ago, an Italian market sinking 11 percent to just 1.75 million units, as forecast for this year, would have been the kiss of death for Fiat. But now that Fiat owns Chrysler, car sales (excluding light trucks) in Italy account for just 10 percent of Fiat's global revenues. "Chrysler accounted for 53 percent of parent Fiat's third-quarter revenues. Brazil is also a strong market and a huge profit generator for Fiat." :usa
Who would have guessed, a Ram can carry something. Fiat better soon get to the garage soon, The Chrysler will inevidibly soon break down.
That company must be in really bad shape if Chrysler is saving it.
But I guess they are now doing their best in the automotive industry. Fiat owns Chrysler and is bringing more of its European brands to the U.S.. One model, a Jeep-based Maserati SUV, has not been a well-kept secret. The SUV, the Maserati Kubang, was recently revealed off at the Detroit Auto Show. Resource for this article: Maserati Kubang SUV unveiled in Detroit