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....
- COMMENT: The diminution of Fiat
- COMMENT: BMW & Mercedes battle over self parking
- THE WEEK THAT WAS: 'Game changing' configurator
- Q&A: Volvo XC90 chief engineer Håkan Ivarsson
- RESEARCH SNAPSHOT: Review of front-end modules
- Arrested Toyota executive quits
- JUST THE FACTS: 2016 Audi A4 first look
- VW plans low cost car family
- UK auto sector delivering on growth
- Infrastructure and logistics make Brazil costly
- Global light vehicle safety systems market- forecasts to 2029
- Magna International Inc. (MG) - Financial and Strategic SWOT Analysis Review
- Global light vehicle OE connectivity market- forecasts to 2029
- Global electric light vehicles market- forecasts to 2018
- Global light vehicle instrumentation and cockpits market- forecasts to 2029