Fiat General Motors (GM) Europe, UK Vauxhall, Opel.
First Fiat last week announced the takeover at Chrysler….Now in a dramatic weekend of negotiations yesterday the Fiat (Italy) chairman Luca Corderodi di Montezemolo announced that Fiat is in negotiations with General Motors (Europe) the owners of Opel (Germany) and Vauxhall (UK) and Saab (Sweden) with the intentions Read the rest of this entry »
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 »
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