Divided Europe: Car Industry Winners and Losers Drift Apart

Spiegel International, Feb 13 2013 - Fiat CEO Sergio Marchionne complains that German carmaker Volkswagen is creating "a bloodbath" among its competitors with discounts.

A two-tiered industry is emerging among European automakers. While German brands BMW, Daimler and Volkswagen are reporting record profits, competitors Opel, Peugeot, Renault and Fiat are struggling to survive. http://www.spiegel.de/international/business/european-car-industry-winners-and-losers-drift-further-apart-a-882694.html

Photo by Randy Berg: Fiat 500c, LA Auto Show 2011

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