And T shirts are cheap enough so that anyone can own Hartman’s works. Art for the masses. A proletariat pullover. While remaining easy on fuel consumption and light on emissions, these models are tooled with the latest safety features and touches of luxury to spruce up the compact and subcompact segments that comprise some 80 percent of the European market.”Remember when smaller cars used to be cheap and cheerful? Now the consumers want the finest quality, the finest fuel efficiency, safety and design,” said Ford CEO Alan Mulally.The problem for European mass market automakers is that consumer demand has shriveled under the pressure of the sovereign debt crisis: this year sales are expected shrink nearly 5 percent to 12.9 million units, according to the Center for Automotive Research.The onset of the financial crisis in 2008 brought cash for clunker incentives that allowed drivers to get a bonus to buy a new car if they junked an old one. The incentives propped up the industry and delayed the inevitable reckoning with the fact that Europe has too many idle factories something most European auto executives say shouldn’t be repeated.”I don’t want incentives or financial assistance,” said Fiat and Chrysler CEO Sergio Marchionne told reporters. „Fiat is financially solid and opposes any intervention to prop up the market.”Fiat is among a long list of European automakers that is losing money in Europe that includes Peugeot Citroen PSA, General Motors’ Adam Opel, and Renault.
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