Fiat CEO Sergio Marchionne says Q3 going well
By Andrew C., 26 Aug, 2010. 0 Comments
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Despite the weakness in Europe's car market, Fiat S.p.A.'s third quarter is doing well, according to CEO Sergio Marchionne. He also confirmed that it's possible that Fiat will raise its outlook for 2010 at the end of the third quarter, sending its shares higher. Marchionne told reporters that third quarter is going "quite well" and Fiat, which has a 20% stake in Chrysler, is likely to raise its full-year guidance. Marchionne also confirmed that the Alfa Romeo brand is not for sale. Automotive News Europe's German sister publication Automobilwoche reported last Monday that Volkswagen AG is studying whether to acquire Alfa Romeo if Fiat later decides to put it up for sale. [via autonews]
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