Auto sales to drop 15% in Argentina, Fiat Chrysler Latam

Auto sales in Argentina may drop as much as 15% in 2020, below 400,000 units, as the country faces a difficult debt restructuring and economic crisis, according to Fiat Chrysler’s CEO for Latin America, Antonio Filosa. The automaker plans to keep its production in the country considering its long-term prospects though. Filosa predicts auto sales to grow 1.5% en the whole region and 6% in Brazil.

Source: Reuters