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Italy's Car Market Shows No Sign Of Recovery-Fiat Exec

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November 07, 2013 AT 5:10 AM
A top Fiat executive said on Thursday, that Italy's car market shows no signs yet of recovery, unlike other key countries in Europe. Italian car sales fell 5.58 percent in October from a year ago, while sales rose in France, Spain and Germany. Fiat-Chrysler EMEA chief Alfredo Altavilla said, "We are not seeing signs of a recovery in Italy, while in other markets we are seeing the glimmer of recovery where the market has touched bottom". Fiat's market share in Italy has remained between 28-30 percent for years. "We are bound to our economic targets and we have to find the right connection between market share and economic results."