Fiat Quitting Market Phase It At the moment Dominates?
- by Automobilnews.eu
In keeping with Automotive Information Europe, FCA plans to exit the European mini-car market, a section the place it has been the longtime chief. Examples may embrace the 500 and overseas-only Panda. FCA CEO Mike Manley needs to shift Fiat’s minicar clients to the subcompact section as an alternative. “Within the very close to future you will note us refocus on this higher-volume, higher-margin section, and that can contain a transfer away from the minicar section,” Manley defined.
For years, the Fiat 500 and Panda have dominated Europe’s minicar scene, although each are lengthy overdue for replacements. The retro-styled 500 is now a dozen years outdated whereas the Panda was final redesigned in 2012.