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STOCK MARKET VIEW - Price wars
Marchionne & VW lock horns over pricing “bloodbath” comments
Published: Thu, 02 August 2012 20:07:53 GMT
 

Sergio Marchionne Fiat CEO Geneva 2012

Marchionne – Overly aggressive; VW - “We’re competitive” - Bernstein says VW’s China profits subsidising price war in Europe

Fiat-Chrysler boss Sergio Marchionne accused Volkswagen of being too aggressive with its pricing in Europe, but commentators pointed out that it was VW’s qualities which allowed it to make money, while many of its less-efficient rivals were awash in red ink
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