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Fiat plans European car supergroup

hypocritexposer

Well-known member
Fiat plans European car supergroup
By John Reed and Paul Betts in Monte Carlo

Published: May 3 2009 19:45 | Last updated: May 3 2009 19:45

Sergio Marchionne, Fiat chief executive, is on Monday due to outline plans to transform the global automotive landscape by spinning off Fiat’s core cars division, joining it with Chrysler and General Motors Europe, and creating a new publicly traded European car company.

Mr Marchionne wants Italy’s largest industrial group to separate Fiat Auto from its other divisions, join them with Opel / Vauxhall, Saab, and GM’s other European operations, and Fiat’s stake in Chrysler to create a company with about €80bn ($106bn) of revenues and sales of 6m-7m vehicles a year – second to Toyota, more than Renault / Nissan or Ford Motor, or GM itself, and roughly as many as Volkswagen.

http://www.ft.com/cms/s/0/a4a4767a-380d-11de-9211-00144feabdc0.html?nclick_check=1
 

jigs

Well-known member
the plan will fail, I do not see any under the table money helping Obama, or the Unions getting thier palms greased either...
 

Steve

Well-known member
a new publicly traded European car company.

ironic on how a substantial amount of the democrat backed Obama/Bush "bail out" and stimulus funds have ended up bailing out and supporting foreign corporations..

AMC + Fiat = one Less American car company..
Chrysler + Fiat = one less American car company..
GM + Fiat = only one American car company left...

any one see a trend?
 
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