USA: European vehicle makers face tough times - Fiat's Jack Welch
Former General Electric CEO Jack Welch, now a Fiat strategy consultant, has told Bloomberg Television that European carmakers are facing a "tough time." "The automotive business is tough in Europe right now," Welch said in the interview yesterday. Bloomberg News said his claim was supported by European Automobile Manufacturers Association data showing West European fourth-quarter new commercial-vehicle sales fell 3.1 percent from a year ago because a slowing economy cut demand for movement of goods.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable