Turin, 3 Sept. (AKI) - Fiat chief executive officer Sergio Marchionne said August car sales in Italy dropped 20 percent, marking the worst sales performance he has seen.
"I've never seen a number so low in my entire life," he said Tuesday, commenting on the 20 percent drop in annual sales.
The economic crisis that has cast Italy and some other economies that use the euro currency, along with a European market flooded with cars, has caused sales to plummet in the Turin-based company's home market.
The glut in the European market means that companies will shutter assembly plants to save on overhead costs, putting workers out of work.
He said Italian sales run counter to Brazil and North America where "they went really well.''
Adnkronos Business
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