Fiat chairman John Elkann has confirmed the group’s business plan announced on 30 October despite a difficult economic environment.

Asked by Reuters if the company’s plan to shift its focus to higher value models was still valid with the car market worsening, Elkann said it was.

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“We are going ahead with our new model launches as planned. The new Maserati Ghibli will be launched [in China]. We are seeing encouraging signs,” Elkann said.

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