Fiat hits 10% market share
Fiat hits 10% market share in W. Europe
Posted Thursday, May 14, 2009, 1:42 pm in Employee News
The Italian automaker Fiat, which has reached a deal for a stake Chrysler LLC and is in talks to take on GM’s European operations, defied a contracting market for the second straight month, increasing its European sales in April by 5 percent, according to new figures released Thursday, according to The Detroit News.
Fiat Group Automobiles SpA sold 116,300 cars in Europe last month, up from 110,828 a year earlier, making it the only European automaker to increase sales in April, according to figures compiled by the European auto makers association ACEA, the News reported.
Industry-wide, new car sales in Europe fell for the 12th straight month, dropping 12.3 percent for a total of 1.25 million cars sold, the paper said. Fiat said in a statement that it achieved a market share of 10 percent in Western Europe in April for the first time in eight years. It was No. 4 four in terms of sales in the month, behind Volkswagen, PSA Group and Ford, the story said. (The Detroit News)
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