GERMANY: French and South Korean rivals look to take over where Fiat leaves off - report
Loss-making Italian car maker Fiat Auto is unveiling a new recovery plan this week but many experts are already predicting its demise and say PSA Peugeot Citroen and Korean manufacturers may benefit the most, Reuters reported. The news agency said that Fiat Auto, once Europe's biggest car maker, risks sharing the same fate as the now defunct British Leyland and cites analysts as saying the strategy to be announced on Thursday has little chance of halting a march to eventual oblivion.
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