U.S. Markets closed
1 / 8

Fiat Likely to Miss Brazil Sales Targets

A hostess poses in front of a Fiat 500 during the first media day of the 83rd Geneva International Motor Show.

Fiat Likely to Miss Brazil Sales Targets


Italian carmaker Fiat is likely to miss sales targets in Brazil this year and next, according to a person familiar with the matter and a document seen by Reuters, increasing the chance of a 2013 profit warning already predicted by some analysts.

Fiat now expects to sell 950,000 cars in Brazil and Argentina this year, according to the internal document, 5 percent short of its previous 1 million goal.