Fiat CEO says has not asked for aid from Italy, EU
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Fiat CEO says has not asked for aid from Italy, EU

www.reuters.com   | 27.09.2012.

PARIS (Reuters) - Fiat SpA Chief Executive Sergio Marchionne said on Thursday the Italian carmaker had not asked for aid from Italy or the European Union.
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Marchionne also reiterated his call for pan-European coordination to reduce auto plant overcapacity, which is putting pressure on carmakers struggling with flagging sales as austerity measures hit consumer spending.

"We have a collective responsibility in the industry to carry out a progressive restructuring, at European level," Marchionne told a news conference at the Paris auto show.

(Reporting by Jennifer Clark; Editing by Helen Massy-Beresford)



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