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)

Most Popular Slideshows

  • Cannes 2012 Red Carpet Cannes Film Festival 2012: Jane Fonda, Diane Kruger, Naomi Watts, Berenice Bejo and Cheryl Cole Dress to Impress, Best Dressed Celebs so Far [SLIDESHOW]

  • Canada Commits 300 Million to Afghanistan, But No Troops
  • The Bee Gee'sRobin Gibb Dies: Photos of Maurice, Barry Gibb And The Bee Gee's Incredible Career
  • AdeleBillboard Music Awards 2012: Adele Sweeps Awards, Tributes Paid to Robin Gibb and Whitney Houston
This article is copyrighted by International Business Times, the business news leader
IBTimes TV

Follow IBTimes

IBTimes TV
IBTIMES PROFESSIONAL
E-Newsletters

We value your privacy. Your email address will not be shared.