Business

Fiat and Chrysler aim to increase sales up to 10% in 2012

Posted April 08, 2012 6:27 am

Bloomberg

This Oct. 26, 2007, file photo shows the Chrysler assembly plant in Belvidere, Ill. As the recession started to ease in 2010, an increasing number of companies demanded that the state give them tax breaks and other incentives to keep their jobs here. In OCtober 2010, Chrysler agreed to a $62.1 million deal to maintain 2,300 jobs and invest $600 million at its Belvidere assembly plant. Associated Press

Fiat SpA and Chrysler Group LLC expect to increase sales by as much as 10 percent to 4.4 million vehicles in 2012, Chief Executive Officer Sergio Marchionne said Wednesday at the annual general meeting of the Italian carmaker.

Marchionne said Fiat and Chrysler expects to post sales between 4.1 million and 4.4 million cars in 2012 from 4 million in 2011. He also said the group expects to boost sales and gain market share in North America.

Marchionne also confirmed Fiat and Chrysler’s targets for 2012, including more than 77 billion euros in revenue.

Fiat owns 58.5 percent of Chrysler.

All-new 2013 Dodge Dart Compact Sedan.

Sergio Marchionne, chairman and CEO of Chrysler Group LLC, right, talks with Illinois Gov. Pat Quinn before Marchionne announced that Chrysler will add a third shift to begin production of the 2013 Dodge Dart, Thursday, Feb. 2, 2012 at the Belvidere, Ill., plant. Associated Press

In this Feb. 2, 2012 photo, an auto worker assembles parts on the 2013 Dodge Dart at the Chrysler Plant in Belvidere, Ill. Associated Press

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