May Day : Just a quick reminder that the 1st May in Italy is a bank holiday…yes and everything will be closed. Enjoy the festa dei lavoratori if you are here on holiday in Italy. The weather forecast is sun, warm and occasional clouds.

Fiat Chrysler

Who saved who? The partnership with Fiat will create the world’s sixth largest carmaker.

Fiat 2 years ago recovered from near bankruptcy. Chrysler first $10Bn, then $500M and they are still running out of petrol.

Who will take the steering wheel?

Fiat small economy cars. Chrysler diesel guzzlers. Where is the synergy ? Is this an American sell out or an Italian bravado? OK the Fiat Alfa Romeo line may potentially reach the USA market, but can you see an american familysitting in the Fiat 500 ?

Fiat will take an initial 20% Read the rest of this entry »