On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1360 AM Northeast, WI 97.5 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
68° Feels Like: 68°
Wind: WSW 8 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Isolated Thunderstorms 86°

Tonight

Isolated Thunderstorms 63°

Tomorrow

Scattered Thunderstorms 75°

Alerts

Italian, European car markets have not hit bottom: Fiat CEO

Chrysler Group Chairman and CEO Sergio Marchionne addresses the audience during a news conference at the Chrysler Mack I Engine Plant to ann
Chrysler Group Chairman and CEO Sergio Marchionne addresses the audience during a news conference at the Chrysler Mack I Engine Plant to ann

GRUGLIASCO, Turin (Reuters) - Italian carmaker Fiat Chief Executive Sergio Marchionne said on Wednesday that the Italian and European car markets have perhaps not yet hit bottom and will slump for the sixth year in a row in 2013.

"The Italian and European car markets are in a free fall and perhaps have not yet hit bottom," said Marchionne, who is also the chief executive of Chrysler, at the opening of a new factory outside Turin.

Italian car sales are seen falling about 25 percent in January from the same month a year ago when figures are released on Friday, continuing last year's slump to the lowest level in over 30 years.

(Reporting by Gianni Montani, writing by Jennifer Clark, editing Francesca Landini)

Comments