SHOOT: Fiat will probably be out of business pretty soon. The industry is failing, and they're buying more business in a failing industry. Nuts
The Italian automaker struck a deal last week that could eventually give it a controlling interest in Chrysler, but its ambitions are bigger than that: Now it is negotiating to buy GM’s main European unit, which includes the Opel and Vauxhall brands.
Fiat Group CEO Sergio Marchionne’s grand plan is for Fiat to spin off the resulting automaker, which he said would be big enough to compete with the mightiest of car companies, with capacity to turn out some 5.5 million vehicles a year.
Currently, Fiat is considered a smaller, regional player, ranking 10th worldwide in cars and trucks produced.
Fiat’s aim eventually is become the world’s No. 2 automaker, behind Japan’s Toyota, according to Germany’s economics minister, who met with Marchionne on Monday in Berlin.
But there are lots of questions about whether Marchionne can pull it off.
|
No comments:
Post a Comment