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Fiat To Sell More Cars In South America Than Europe In 2013

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Italian carmaker Fiat (FIA.MI) will sell more cars in south America than in Europe this year, Italian newspaper Il Corriere della Sera quoted Chairman John Elkann as saying.

This will allow the group to invest in the production of high profile brands which are manufactured mainly in its Italian plants.

The European sales back to reality after a big debt binge and the fact there is no need to keep buying a new care every 2-3 years?

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I thought the UK was the only country not to attempt de-leveraging and pump their debt bubble higher.

Most, if not all other European countries have had some kind of correction where the inefficient businesses have closed down and new ones opened.

Last time I checked the old boys business in the UK were still operating as if it was 1995. I used to attend the amusement machiens exhibition every year - it was just full of ageing boomers who managed to gutt tyhe industry whilst places like Spain, Japan and Asia managed to grow theirs. I came to the conclusion that the UK industry would have to experience total collapse for any recovery to take place.

I now extrapolate that to most of the UK (50% of private business and 50% of the government)

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