The head of an industry group reckons struggling Fiat Auto is likely to raise its share of the recovering Italian market in 2004 by 2%, according to a report.
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“Fiat’s market share should rise 2% (in Italy) and 1% in the European market. That is not enough to put it back to profit, but should give it a good boost towards recovery in 2005,” Centro Studi Promotor chief Gian Primo Quagliano told Reuters on Thursday.
The news agency noted that Fiat is aiming for a 30.2% share of its home market this year though data released on Wednesday showed that its share of the Italian market was 28% over the first 11 months.
Quagliano said total new car sales in Italy are expected to rise to 2.33 million units next year from an estimated 2.23 million this year, Reuters added.
