Fiat to launch new models end-2011


01 October 2010 @ 12:46 pm EDT

Italian automaker Fiat has decided to launch new products only at the end of 2011 or early 2012 due to the weakness of the market, its CEO said on Friday.

"We have saved ammunition awaiting for the recovery," Chief Executive Sergio Marchionne told reporters on the sidelines of the Paris Auto Show.

"New models will arrive at the end of 2011, early 2012. Launching new products in a market that is so structurally weak has no sense," he said.

(Reporting by Stefano Rebaudo; Editing by Hans Peters)

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