updated 1/29/2014 11:19:37 AM ET 2014-01-29T16:19:37

MILAN (Reuters) - Fiat Chrysler Automobiles expects to hold its market share in Brazil in 2014, which it expects to be a year of transition, Chief Executive Sergio Marchionne said on Wednesday.

"We will hold our position in 2014," Marchionne told analysts in a conference call following the release of fourth-quarter earnings. He added that with the opening of a new plant in 2015 he expected the company to produce models that better match market demand.

(Reporting by Stefano Rebaudo and Agnieszka Flak)

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