COLUMNISTS Fiat is offering zero interest financing over six years to encourage Italians to buy its small cars. That is how bad the situation is in the Italian, and for that matter, European car market.
The Italian group also warned on Thursday that its net income could fall as much as 85 per cent next year if the financial crisis continues to depress consumer confidence and, inevitably, car demand. After all, most cars are bought with financing packages.
