Fiat sees falling Europe sales

European new car sales will decline for the fifth year in a row in 2012 to 13m vehicles, Fiat chief executive Sergio Marchionne said yesterday, as the group moved a step closer towards a full-blown merger with US automaker Chrysler. “For 2012 the market expectations in Europe are not encouraging,” Marchionne, who also runs Chrysler, told a shareholder meeting in Turin at which a share conversion that paves the way for Fiat's merger with the US car maker was approved.