AN WORLD CONGRESS: Chrysler CEO predicts 13.7m US sales, cautions on Europe
Fiat-Chrysler CEO Sergio Marchionne is predicting a US sales number of 13.7m vehicles for 2012 as he hailed the efficiency changes wrought by American manufacturers, although Europe remains a concern.
Speaking at this year's Automotive News World Congress in Detroit, the Chrysler chief noted how unnecessary capacity had been stripped from US inventories as the industry battled back from the catastrophic past few years.
"Our forecast for 2012 sees a number of 13.7m vehicles for the current year," he said. "Not that many years ago, the US industry looked at 16m...and yet it endured industrial inefficiency.
"All the players found the courage to make transformational change. During the reconstruction, every ounce of unnecessary capacity was taken out of the system. We can all survive. Making and selling great cars is once again at the centre of our business as it should be."
Marchionne's comments echo a largely upbeat mood at this year's Detroit Auto Show, but he did point to the one fly in the ointment - Europe.
"The real problem we face right now is Europe," he said. "The currency and the alleged union it represents are clearly the significant issues that cause nervousness around the world.
"We have yet to see how these austerity plans will be carried out. The fallout from a European recession will not be confined - it will spread to North America. You can only make contingency plans and hope you get a timely resolution."
Despite his European concerns, the Chrysler CEO also highlighted at the World Congress how Chrysler had "paid back every cent" of its US and Canadian loans "with interest."
This month we are highlighting research extracts from our QUBE Automotive Glazing sector intelligence service ahead of an automotive glazing webinar scheduled for July 10. These extracts look at panor...
An updated list of world premiere concepts and production models which appeared at the Paris motor show's 27 & 28 September press preview days....
Continental has developed a new infotainment system for Fiat to launched as a radio in its basic form, but also as an advanced multimedia system (head unit). The first Fiat model equipped with the C...
Chrysler on Tuesday said US sales in June rose 20% year on year to 144,811 units, the group's best sales for that month since 2007....
- Kia K900 knocks on big brands' door
- Daimler - Q2 results insight
- Global light vehicle market developments
- VEHICLE ANALYSIS: 2015MY Mitsubishi L200 Barbarian
- THE WEEK THAT WAS: Results season again
- Jaguar Land Rover buys British classic cars hoard
- New alloy developed for new Jag
- JLR China cuts prices amid anti-trust probe
- Tata Motors to assemble in Venezuela
- Union puzzled no buyer for Unipart Automotive