Fiat (FIA.MI) Chief Executive Sergio Marchionne said the Italian carmaker was one of the least affected in Europe by recent spikes in oil prices that have been following political turmoil across North Africa. "It's a crystal ball issue. But we have some of the lowest CO2 emissions among European carmakers," Marchionne told Reuters Insider TV on the sidelines of the Geneva Motor Show. "We will be one of the least affected." Speaking about the U.S. carmaker, where Fiat is present through its 25-percent stake in Chrysler, Marchionne said experience showed the market tended to adjust within 60-90 days to a sudden rise in oil prices.
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