Fiat's boss, Sergio Marchionne, has a way with words. Commenting on the dismal state of Europe's car market earlier this month, he admitted: "We're standing in doo-doo. Whether you're in an inch of it or three inches doesn't matter. The stench is still overwhelming." As the carmakers' half-year figures start to come out, it is clear that some are in it up to their necks, whereas others are smelling of roses.
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