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'Fiat can't match Chrysler margins'

China Daily | Updated: 2009-12-08 08:04

'Fiat can't match Chrysler margins'

A vintage Fiat 500 automobile in Rome. CEO Sergio Marchionne said he expects Fiat and Chrysler sales to reach 5.5 million a year before 2014. Bloomberg News

MILAN: Fiat SpA will not be able to reach an operating margin of 7-7.7 percent targeted by US sister car maker Chrysler because Europe has not cut capacity, Chief Executive Sergio Marchionne told Automotive News magazine.

'Fiat can't match Chrysler margins'

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