Fiat-Chrysler CEO Sergio Marchionne has accused the VW Group of taking advantage of its overseas profits to undercut its rivals in the European market and, thus, create a “bloodbath” for their sales.

Despite VW calling for his resignation as president of the ACEA, the European Auto Manufacturers’ Association, they subsequently made up, with VW CEO Martin Winterkorn and Marchionne settling the issue during the Paris Auto Show.

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