To say that Fiat is in a crisis would probably be the understatement of the (last) year. Just a couple of weeks ago, the Italian group lowered its sales target for 2012 by half a million units, from 2.7 to 2.2 million. Even its CEO, Sergio Marchionne, has admitted that the European car market will drop in 2012.
Yet, the man who masterminded Chrysler’s acquisition during the 2009 bailout and merged the two groups into one entity wants them to sell more than six million vehicles a year by 2014. By doing so, he might have set the bar too high.
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