FIAT lays out strategy to break-even in Europe by 2016

Plans to leverage traditional brands and optimize production capacity

2013/06/10

Summary

Global Sales of Fiat-Chrysler FIAT will commit itself to model development and enhancing production network tailored to luxury markets of high profit potential, aimed to reach break-even in European markets between 2015 and 2016.

 To improve earning rates in European markets and maximize production capacities of its plants in Europe, FIAT will produce Alfa Romeo and Maserati in Italy and expand the product offering to compete in the high-end market. The company will expand production of export models for the U.S. market and also for the Asia Pacific market, a market with a potential of high growth.

 As for the markets in Serbia and Poland characterized by cheaper labor, FIAT will produce the FIAT 500 Series and other low-priced compact cars.

 In regions outside of Europe, FIAT will build a new plant in Brazil in 2014 at the earliest with an annual capacity of up to 200,000 units. In Mexico where the production of the FIAT 500 cars was transferred to Poland, FIAT will expand the production of the Chrysler-brand cars for the U.S. market. FIAT will restructure its local production and sales network in India and China.

 FIAT-Chrysler's global unit sales in 2012 increased 6.1% year on year to 4.21 million units but the results in January-March quarter of 2013 fell 0.2% from the same quarter a year earlier to 1.02 million units. FIAT projects the total wholesale of the group (including Chrysler) to be 4.3—4.5 million units in 2013 and 4.6—4.8 million units in 2014.

 LMC Automotive predicts the global sales of FIAT to decrease by 4.3%, to 1.95 million units in 2013. LMC Automotive states "most of the drop that FIAT Group is now enduring has come from the FIAT brand itself." However, positive growth starts from 2014, increasing 2.4% y/y and sales volume continues to expand to 2.73 million units by 2016.


Related Reports:
European OEM strategy: cost reduction and expansion beyond the EU (Apr. 2013)
North American International Auto Show 2013 (1) (Feb. 2013)



FIAT's plans: Brand strategies and moves in regional markets

 FIAT, excluding Chrysler, registered the first net loss since 2009. FIAT intends to achieve break-even in 2015—2016, by expanding the lineup and strengthening the sales network in non-European markets. The company also intends to reorganize the production network. Models with high-values and models intended to be exported to North America and Asia Pacific regions will be produced in Italy. Small cars and low-priced models will be produced in other European countries. FIAT plans to acquire 100% ownership of Chrysler in July 2013 in expectation of product cost reduction through expansion of production scale.

FIAT's plans:

Targets * Establish a sound financial balance in European markets by 2015 to 2016.
Brand plans FIAT * Focus FIAT 500 and Panda as the main FIAT-brand models and derive all new models from them.
Maserati * Increase the product lineup and sell them in a broader price range as from 50,000 to 150,000 Euros.
* Increase global unit sales to 50,000 units a year by 2015 (compared to 6,000 units sold in 2012).
* Invest 1 billion Euros between 2012-2014 (one third was invested in 2012).
Alfa Romeo * Focus on sedans and coupes that will exert performance, style and sportiness.
* Set prices to be well competitive with other premium brands.
* Focus on North America and Europe while keeping an eye on the Asia Pacific region of high growth potential.
* Increase global unit sales to over 300,000 units by 2016 (compared to 101,000 units sold in 2012).
* Invest 1 billion Euros between 2012-2014.
Jeep * Adjust the Jeep brand and sell products tailored to India, Europe and other international markets.
Strategies in
European market
* Allocate 15% of production capacity in Europe to models tailored to the international markets, such as Alfa Romeo, Maserati and the new small-size Jeep SUV.
(Capacity Utilization in Europe:
 -Assuming that the plant uptime ratio is 100% when working 16 hours a day, 235 days a year: FIAT targets to increase the rate from 70% in 2012 to 110% in 2016.
 -Assuming that the plant uptime ratio is 100% when working 280 days a year in a three-shift operation: FIAT targets to increase the rate from 45% in 2012 to 75% in 2016.
* Increase production quantity in Europe to 2 million units (compared to 1.25 million units produced in 2012).
* Maintain the strong foundation of light commercial vehicles.
* Produce high-value models in Italy.
* Increase the capacity utilization rate in Italy by increasing exports to North America.
* Increase production of small-size cars in European countries other than Italy.
Strategies
in other
markets
North America * Introduce 50 models (new and remodeled) between 2012 and 2016.
South America * Maintain high earning rates while expanding product mix. Increase production capacity at Pernambuco plant to 200,000 to 250,000 units on a long perspective (FIAT produced 826,000 units in Brazil in 2012).
Asia Pacific * Double the number of dealerships in China by 2013.
* Adjust the sales partnership with Tata in India to build and expand an independent sales network.

Note: It was reported at the end of May that FIAT was meeting with a group of banks regarding the procurement of up to 10 billion U.S. dollars needed to acquire the remaining 41.4% ownership of Chrysler. FIAT already has 58.5% ownership of Chrysler and the remainder is held by VEBA (Voluntary Employee Beneficiary Association) Trust. FIAT hopes to purchase the shares from VEBA by July. The move is expected to help recover the declining sales and earnings in Europe and reduce the product's unit cost by expanded scale of production.

 

 



Restructuring production in European and non-European regions

Moves in Europe:

Italy: Production of the new Maserati and Alfa Romeo models and the all-new Jeep

 FIAT will increase the production capacity utilization rate in Italy, and develop the Maserati and Alfa Romeo brands. The company will also produce models based on the platform shared with Chrysler.

Reexamining production in Italy  In October 2012, FIAT met with the labor union leaders and laid out its policies to maintain production in Italy and not shut down operation sites in the country.
Producing all-new Jeep and FIAT 500X at Melfi plant  In December 2012, FIAT, on halves together with Chrysler, invested 1 billion Euros for the expansion of Melfi plant. FIAT announced plans to produce the all-new small-size Jeep SUV and the FIAT 500X, starting in the beginning of 2014. The plant will be equipped with the welding robots and other cutting-edge technologies that will allow mixed production of four models on the same line. The plant will have a daily production capacity of up to 1,600 units in three-shift operation.
Producing new Maserati models at Grugliasco plant  It was reported that a second shift was to be added on April 29, 2013, to Grugliasco plant to start production of the all-new Maserati Quattroporte. Production of the luxury four-door sedan, Ghibli, is to start in the summer of 2013. The plant will also produce the Levante SUV in 2014 that was originally planned for production at Jefferson North plant in Detroit, U.S.
Mirafiori plant  FIAT plans to start production of upper-segment passenger cars at Mirafiori plant, in addition to Alfa-Romeo Mito, for selling in global markets.
Cassino plant  The plant will produce new models for the U.S. markets to be built on the common platform shared with Chrysler (reportedly being developed based on the FIAT Compact US Wide platform).
Modena plant  The plant will produce Alfa Romeo 4C, unveiled at the Geneva Motor Show in March 2013 and slated for market launch in June 2013.

 

Serbia: Enhancing production structure for 500L, 500X, etc.

Producing 500L at Kragujevac plant  In March 2013, it was reported that Kragujevac plant in Serbia would ship 110,000 to 150,000 units of FIAT 500L in 2013 as FIAT was going strong in winning orders for the FIAT 500L and as the 500L was slated for market launch in the United States in June. FIAT plans to continue investing in the joint-venture company established with the Serbian government and to increase the number of employees by 600 to 2,500. The company plans to introduce the 500L Trekking Crossover in June 2013. FIAT also plans to add the 3-row 7-seat 500XL to the 500L Series.
 The vehicles produced at this plant are shipped primarily to Eastern Europe. Removal of tariff between Serbia and Russia is quite likely and FIAT anticipates that the plant will be producing more vehicles once the tariff is removed and the sale of the 500L starts in Russia.
 The renovation work of the Kragujevac plant was completed in April 2012. FIAT invested a total of 1 billion Euros since 2010, in the plant equipment and infrastructure. The plant has a new maximum annual capacity of 200,000 units.

 

Poland: Slashing 1500 workers but planning to produce the all-new FIAT500

Slashing 1500 workers  In December 2012, FIAT slashed 1500 workers at Tychy plant in Poland as a result of the transfer of Panda production to Pomigliano plant in Italy. FIAT chose to downsize production in Poland, despite the cheaper labor there than in Italy, because of the pressure exerted by the Italian government and the labor union and its policy to place priority on production in Italy. The Tychy plant currently produces FIAT 500 and Ford Ka built on the common platform, as well as Lancia Ypsilon. According to FIAT, the company was forced to reduce production from three- to two-shift operation and slash workers because of the sluggish sales of those three models.
Transferring production of new FIAT500 from Mexico  In February 2013, it was reported that FIAT was to transfer production of the new FIAT500 from Toluca plant in Mexico to Tychy plant. The all-new FIAT500 will be released for export starting in 2015.

 

Moves in other markets

Brazil: Investing 15 billion Real in plants and strengthening the entire group operation

Investing 15 billion Real in Brazil  In May 2013, FIAT disclosed a policy to make a new investment of 15 billion Real from 2013 to 2016. The money will be spent for a broad range of needs that include the expansion of FIAT's automobile plants, Iveco that specializes in production of trucks, CNH that specializes in agricultural machinery, Magneti Marelli and Teksid that belong to FIAT's automotive parts and service divisions, etc. These investments are expected to generate new jobs in Brazil including direct hire of 7,700 workers by FIAT Group and indirect hire of 12,000 workers mainly by suppliers.
 For FIAT, Brazil is a larger market in scale than Italy with new vehicle sale of 248,412 units in January to April 2013 along with a market share of 22.5%. FIAT Group currently employs 50,000 workers in Brazil including 19,200 workers at its main plant in Betim.
 A new plant is being built in Goiana in Pernambuco industrial complex. The new plant is slated for production starting in 2014 with an annual capacity of 200,000 units.

 

Mexico: Changing production structure and models

Increasing production of Chrysler-brand vehicles after the change of New FIAT 500 production site  In February 2013, it was reported that the new FIAT 500 will be produced at Tychy plant in Poland. The FIAT 500 for North and South American markets and China used to be produced at Toluca plant in Mexico for five years. The surplus production capacity resulting from the change will be allocated to the production of the main Chrysler-brand models.
(Note: The plant produced 81,878 units of FIAT-brand cars and 178,716 Dodge-brand cars in 2012.)
Changing Saltillo plant as the chief production site of light commercial vehicles in North America  In November 2012, it was reported that FIAT-Chrysler had plans to invest 1 billion U.S. dollars in Saltillo plant to produce the large-sized Ducato van. FIAT-Chrysler had announced plans, in January 2012, to expand the plant as the new key production site of light commercial vehicles in North America.

 

India: Reconsidering partnership with Tata and redefining sales network in India

Partnership with Tata  In March 2013, FIAT and Tata ended sales partnership in India through their joint-venture company, FIAT Group Automobiles India (FGAIPL). The partnership dates back to March 2006 and FIAT-brand cars were sold in India by Tata. Their partnership regarding the production of passenger cars, engines and transmissions will continue. Sales in India will be transferred in April to Mercurio Pallia Logistics (MPL), a joint-venture company established on equal basis by Gruppo Mercurio SPA, an Italian corporation, and Pallia Transport Co., an Indian corporation.
 FIAT plans to increase the number of dealerships from 50 to 112 between 2013 and the end of FY2014. Up until 2012, FIAT vehicles were sold in India at Tata Motors' 176 dealerships.
Model launch plan  FIAT has a goal to increase its market share in India from 0.5% in 2012 to 1% in 2013 and 5% in 2016. The company will launch two Jeep models, Jeep Cherokee and Jeep Wrangler, and Linea Classic before the end of 2013, to be followed by market launch of the all-new Grande Punto and all-new Linea in 2014. FIAT also has plans to produce and sell small-size SUV in India starting in 2015.
 The Indian operation enhancing plan announced in December 2012 calls for market launch of nine new FIAT and Jeep brand models within 2 to 3 years including remodeling.

 

China: FIAT and Chrysler partnered with Guangzhou Automobile Group for local production in China

JV with Guangzhou Automobile Group: Local production in China  In January 2013, FIAT-Chrysler and Guangzhou Automobile Group Co. (GAC) signed a memorandum on framework for expanding their collaboration in China. Accordingly, the three companies reached a decision to produce Jeep brand vehicles locally in China at GAC-FIAT, a joint venture company established by FIAT and GAC. The Jeep-brand models produced by GAC-FIAT will be launched in the Chinese market exclusively. It has been reported that production will start in the second half of 2014.
 The FIAT Viaggio, FIAT's first car produced in China, appeared in Chinese dealerships in September 2012. More than 90% of the parts in Viaggio are procured locally in China.
 GAC-FIAT's Changsha plant has an annual capacity of 140,000 completed vehicles in 2012 with plans of increase to 300,000 to 330,000 units in 2014 and 500,000 units in 2015.

 

 



FIAT's model plans: FIAT 500 derivatives and products for luxury markets

 FIAT will develop Panda, 500X and other models that share platforms with Chrysler, while offering Maserati and Alfa Romeo brands to complete the model lineup for luxury markets.

FIAT brand

 FIAT has defined the 500 and Panda as the main models and decided to derive the future products from them. The 500 Series: the 500L built on the Punto platform and the 500X built on the "Small US Wide" platform shared with Chrysler will be launched.

Brand Model Launch Description
FIAT New Panda Feb. 2012  The third generation of the popular compact model in Europe, 3,650mm long, 1,640mm wide and 1,550mm tall which is larger than the previous version. Production site was transferred from Tychy plant in Poland to Pomigliano in Italy. The model is sold in 40 other countries outside of Europe as well.
500L Sep. 2012  A 500 Series derivative built on the larger-sized Punto platform, produced at Kragujevac plant in Serbia. A two-row five-seater version is available and is also sold in the U.S.
500e Apr. 2013  An EV version of the FIAT 500 commercial model exhibited at the 2012 Los Angeles Motor Show. Sold exclusively in the State of California, U.S.
500XL End of
2013
 A three-row seven-seater MPV with overall length of the basic 500L model extended by approximately 200mm to accommodate two additional seats.
500X 1st half
of 2014
 A crossover version that shares FIAT/Chrysler's "FIAT Small US Wide" platform with the all-new small Jeep SUV (code name: B-SUV). To be produced at Melfi plant in Italy.

 

Alfa Romeo brand

 FIAT will develop the Alfa Romeo brand for the premium market. The current models (Mito, Giulietta) are available in only 5% of the global markets. FIAT intends to expand their availability to a broader range of segments. Alfa Romeo will mark the first comeback in the North American market since its pullout in 1995 and also expects growth in Europe and Asia Pacific markets. FIAT expects to sell 300,000 units annually and make products available in 32% of the global markets by 2016.

Brand Model Launch Description
Alfa Romeo 4C Jun. 2013  A two-seater small midship sports car 3989mm long, 2000mm wide and 1180mm tall. The commercial model was unveiled at 2013 Geneva Motor Show. A limited model, launch edition, is slated for market release in June to be followed by the launch of commercial models in 2015.
Giulia 2014  A new version built on the Giulietta platform and a mid-size successor to the 159. Sedan and station wagon versions will be made available.
New Spider 2015  A two-door convertible sharing the platform with the next Mazda roadster (MX-5 Miata). On January 18, 2013, Mazda announced it was to start production of that model at its main plant in 2015.

 

Maserati brand

 Maserati-brand cars will be available in a broad price range with a full lineup tailored to the luxury markets. FIAT is set to sell 50,000 units yearly by 2015.

Brand Model Launch Description
Maserati New
Quattroporte
1st half
of 2013
 The flagship sedan exhibited at 2013 Detroit Motor Show in January measures 5262mm long, 1948mm wide and 1481mm tall. Competes with Audi A8, BMW 7 and other luxury-segment models. Offered in a broader price range, from approximately 80,000 to 150,000 Euros, compared to the existing model.
New Ghibli 1st half
of 2013
 Exhibited at 2013 Shanghai Motor Show in April. A four-door luxury sedan smaller in size than the Quattroporte. First Maserati production model with the diesel power plant option. Classified under the same segment as BMW 5 Series. Offered at relatively low prices among Maserati-brand cars, between approximately 56,000 to 78,000 Euros, and is hence positioned as an entry model.
Levante 2014  An all-new luxury SUV. Levante, a production model of the Kubang concept exhibited at 2011 Frankfurt Motor Show, shares the platform with Chrysler's Jeep Grand Cherokee. To be offered at a broad range of prices from approximately 62,000 to 120,000 Euros.

 

 



FIAT-Chrysler Group's financial performance

 FIAT-Chrysler Group's unit sales for 2012 increased 6.1% year-on-year to 4.21 million units due to brisk sales in North and South American and Asia Pacific markets. The net revenues rose 41.0% to 83.96 billion Euros and the operating profit increased 59.4% to 3.81 billion Euros resulting in a net profit of 1.41 billion Euros. It appears the decline in sales in Europe was offset by brisk sales in North American and Asia Pacific markets (note: Chrysler's revenues and profits are included from June 2011).

 However, FIAT's nonconsolidated results show that the net revenues fell 4.9% to 35.6 billion Euros and the operating profit plummeted 66.1% to 355 million Euros and profit before taxes resulted in the first net loss since 2009 at 621 million Euros.


 Unit sales from January to March 2013 declined 0.2% year-on-year to 1,02 million units. The decline was due to the production cut in North America to prepare the plants for production of the 2014MY Jeep Cherokee slated for market release in the second quarter, and to the sluggish sales in Europe other than the United Kingdom. Unit sales in South America increased due to the brisk sales of the Siena and Grand Siena, and the extension of the industrialized products tax incentive program (IPI) for automobiles by the Brazilian government that started in May 2012 to the end of 2013. Sales in Asia and Pacific region also increased due to the brisk sales of the Jeep brand cars in China and Australia and of the China-made FIAT Viaggio in China.


 Results for the period from January to March 2013 show that the net revenues declined 2.3% from the same period a year earlier to 19.76 billion Euros, the operating profit declined 23.3% to 618 million Euros, and the net profit plummeted 88.2% to 31 million Euros. In year-on-year comparison over the quarter, EBIT declined 36.0% in North America and 46.0% in South America. According to FIAT, these results were due to the decrease in sales in North America attributable to the production cut scheduled to prepare the plant for new models as mentioned earlier, and to the impact of foreign exchange and the high costs of product parts in South America.

 

Fiat-Chrysler's global unit sales by region

(Units in thousands)
2011 2012 Changes in
2011-2012
2012
Q1
2013
Q1
Changes
in 2012 1Q-
2013 1Q
2013
(Plan)
Europe 1,180 1,012 (14.2%) 260 245 (5.8%) ~1,000
North America 1,783 2,115 18.6% 519 510 (1.7%) ~2,200
South America 929 979 5.4% 215 230 7.0% ~1,000
Asia-Pacific 74 103 39.2% 25 32 28.0% ~200
Total 3,966 4,209 6.1% 1,019 1,017 (0.2%) 4,300~4,500
Source:  FIAT 2012 Full Year and Fourth Quarter Results, 2012 Annual Report
(Note) 1.  2011 unit sales data include Chrysler's sales from January 2011.
2.  Numbers in brackets "( )" are negative value.

 

Fiat-Chrysler's consolidated business results

Note: Chrysler's performances after June 2011 are included in the data.
(Euros in millions)
2010 2011 2012 Changes in
2011-2012
2012
1Q
2013
1Q
Changes in
2012 1Q-
2013 1Q
FIAT (excl.
Chrysler)
(incl.
Chrysler)
(excl.
Chrysler)
(incl.
Chrysler)
(excl.
Chrysler)
(incl.
Chrysler)
(excl.
Chrysler)
(incl.
Chrysler)
(excl.
Chrysler)
(incl.
Chrysler)
(excl.
Chrysler)
(incl.
Chrysler)
Net
revenues
35,880 37,382 59,559 35,566 83,957 (4.9%) 41.0% 8,685 20,221 8,557 19,757 (1.5%) (2.3%)
Trading
profit
1112 1,047 2,392 355 3,814 (66.1%) 59.4% (10) 806 25 618 (23.3%)
Trading
margin
3.1% 2.8% 4.0% 1.0% 4.5% (1.80ppt) 0.54ppt 4.0% 0.3% 3.1% (0.86ppt)
EBIT 1106 2,266 3,467 204 3,677 (91.0%) 6.1% 8 835 65 603 712.5% (27.8%)
EBITDA 3292 4,501 6,825 2,321 7,811 (48.4%) 14.4% 546 1,869 622 1,654 13.9% (11.5%)
Profit
before
taxes
706 1,470 2,185 (621) 2,036 (6.8%) (157) 403 (135) 160 14.0% (60.3%)
Profit/loss
for the
year
222 1,006 1,651 (1,041) 1,411 (14.5%) (276) 262 (235) 31 14.9% (88.2%)
R&D
expenditure
1,284 1,411 2,175 1,464 3,295 3.8% 51.5% 263 462 263 486 0.0% 5.2%
Source:  FIAT 2012 Full Year and Fourth Quarter Results, 2012 Annual Report and Interim Report 1Q 2013
(Note)  Numbers in brackets "( )" are negative value.

 

FIAT-Chrysler's Net Revenues by Departments

Note: Chrysler's performances after June 2011 are included in the data.
(Euros in millions)
2011 2012 Changes in
2011-2012
2012
Q1
2013
Q1
Changes in
2012 1Q-
2013 1Q
Europe 19,591 17,800 (9.1%) 4,508 4,350 (3.5%)
North America 19,830 43,521 119.5% 10,375 10,012 (3.5%)
South America 10,562 11,062 4.7% 2,587 2,468 (4.6%)
Asia-Pacific 1,513 3,128 106.7% 714 968 35.6%
Luxury and Performance Brands
(Ferrari, Maserati)
2,699 2,898 7.4% 660 684 3.6%
Components
(Magneti Marelli, Teksid, Comau)
8,122 8,030 (1.1%) 2,015 1,936 (3.9%)
Others 1,068 979 (8.3%) 217 227 4.6%
Adjustments (3,826) (3,461) 9.5% (855) (888) 3.9%
Total 59,559 83,957 41.0% 20,221 19,757 (2.3%)
Source:  FIAT 2012 Full Year and Fourth Quarter Results, 2012 Annual Report and Interim Report 1Q 2013
(Note)  Numbers in brackets "( )" are negative value.

 

FIAT-Chrysler's EBIT by Departments

(Euros in millions)
2011 2012 Changes in
2011-2012
2012
Q1
2013
Q1
Changes in
2012 1Q-
2013 1Q
Europe (941) (738) (21.6%) (170) (111) 34.7%
North America 1,087 2,741 152.2% 625 400 (36.0%)
South America 1,331 1,032 (22.5%) 235 127 (46.0%)
Asia-Pacific 63 255 304.8% 85 98 15.3%
Luxury and Performance Brands
(Ferrari, Maserati)
358 392 9.5% 71 76 7.0%
Components
(Magneti Marelli, Teksid, Comau)
(110) 167 (251.8%) 35 35 0.0%
Others (108) (149) 38.0% (36) (27) (25.0%)
Adjustments 1,787 (23) (101.3%) (10) 5 (150.0%)
Total 3,467 3,677 6.1% 835 603 (27.8%)
Source:  FIAT 2012 Full Year and Fourth Quarter Results, 2012 Annual Report and Interim Report 1Q 2013
(Note)  Numbers in brackets "( )" are negative value.

 

 



Production Forecast by LMC Automotive: FIAT production forecast by country and by make

(LMC Automotive、April 2013)

 In comparison with 2012, LMC Automotive predicts a 1.7% drop to 1.97 million units for FIAT's global light vehicle production for 2013. Conversely, production volume recovers by 1.8% y/y in 2014 and then a significant boost of 21.0% y/y is projected for 2015. The large increase is expected to come from China, Poland and Turkey.


 Regarding Poland, "as well as the new 500 from February 2015, Tychy, [the plant in Poland,] will build a new five‐door car (known, for the moment, as the 500+) from September 2015." LMC Automotive also comments, the "official three‐shift capacity at Tychy is 530,000 units, but the plant built more than 600,000 cars during 2009 due to weekend and overtime working. The addition of the 500+, as well as the new Citycar - possibly to be badged the Panda Classic -which is now due to go into production in January 2015, means that the Tychy plant can look forward to playing a more significant role for FIAT in future."

FIAT Group production forecast by country and by make (LMC Automotive)

(Units)
COUNTRY GLOBAL MAKE 2010 2011 2012 2013 2014 2015 2016
Total 2,284,657 2,272,834 1,999,977 1,966,357 2,001,979 2,422,567 2,731,669
Argentina FIAT 96,059 113,468 73,863 67,046 108,677 112,397 108,200
Brazil FIAT 757,459 777,634 762,237 820,248 791,189 849,476 914,942
China FIAT 0 0 0 3,213 61,910 119,829 146,845
France FIAT 20,338 19,786 26,210 13,530 11,667 8,074 7,460
Lancia 1,561 0 0 0 0 0 0
France Sub-total 21,899 19,786 26,210 13,530 11,667 8,074 7,460
Hungary FIAT 16,048 14,427 8,868 8,564 5,127 0 0
India FIAT 23,113 18,395 16,748 12,337 14,351 35,500 50,556
Iran FIAT 411 0 0 0 0 0 0
Italy Alfa Romeo 134,093 136,139 92,371 70,505 54,730 66,158 106,790
Ferrari 6,573 7,195 7,121 7,214 7,678 7,403 7,552
FIAT 433,732 392,704 390,863 350,689 298,911 323,781 319,920
Lancia 88,239 70,537 27,168 9,461 8,565 4,756 0
Maserati 4,873 6,124 6,113 17,145 32,579 39,078 38,374
Italy Sub-total 667,510 612,699 523,636 455,014 402,463 441,176 472,636
Japan Alfa Romeo 0 0 0 0 0 11,720 15,152
Mexico FIAT 724 56,972 81,824 76,526 82,316 92,049 89,416
Poland FIAT 440,321 362,996 245,366 149,959 130,806 234,453 338,640
Lancia 207 37,560 48,524 47,938 48,467 45,924 41,211
Poland Sub-total 440,528 400,556 293,890 197,897 179,273 280,377 379,851
Russia FIAT 23,135 30,300 1,450 0 3,334 18,181 23,890
Serbia FIAT 15,056 7,996 25,425 133,193 155,401 160,800 161,865
Turkey FIAT 222,715 220,601 185,826 178,789 180,795 251,542 307,475
USA Alfa Romeo 0 0 0 0 5,476 41,446 53,381
Source: LMC Automotive "Global Automotive Production Forecast (April, 2013)"
(Note) 1. Data indicate figures of only small-size vehicles, including passenger cars and light commercial vehicles with a gross vehicle weight of under 6 tons.
2. All rights reserved. Reproduction of any data will require permission of LMC Automotive.
3. For more detailed information or inquiries of forecast data, please contact LMC Automotive.

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