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Sunday, November 27, 2011

"Fiat" reduces production 300 thousand cars next year

Fiat has decided to reduce production to about 300 thousand cars in Europe next year, given the economic recession seen in Europe, where the company decided to manufacture only a million cars next year.
While the strategic plan the production of 1.3 million vehicles in 2012, down by 23% this year, reaching the company's production to 1.5 million vehicles.
He states that after the economic crisis in 2009 there was a large strategic stocks of unsold cars, and then tried to car companies to keep their inventories and disposal of large stocks of cars.
On the other hand is expected to financial analysts at Morgan Stanley, that Europe will see a further decline in sales in the coming period ranging between 5 and 10%.

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