Fiat Motors sees European car market falling 3-5 Percent in 2013

Italian car manufacturer Fiat Motors sees European car market (EU+EFTA) falling between 3% and 5% in 2013, according to a slide presentation posted on its website on Monday.

"In light of demand levels during the first quarter...the market is now seen down in the 3-5 percent range," Fiat said in the presentation. Fiat car market in Europe is full of high performance cars.

Fiat Motors sees Italian car sales at 1.3 million in 2013. On Monday, company kept its financial targets unchanged for 2013 despite weaker European car market and falling sales in United States during first quarter.

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