Our network churn was high last year. Many faced meltdown as the fleet mix was up but retail sales were down sharply. Dealers weren't making money and nor were we, he said.
The brand expects sales for this year-end to reach around 30,000 units 18,000 retail and 12,000 fleet compared with 35,800 in 2006.
This is a transitional year for us, said Shabsogh.
We plan to increase retail sales year-on-year while reducing our fleet numbers. Also by the end of next year 50 per cent of our volume will be produced in Europe which will put us in a strong position, he added.