Fiat swelling at an uncontrollable rate Options

[phix]

As if Fiat doesn't have enough on its plate while working on an alliance with Chrysler during its bankruptcy proceedings, the Italian automaker's CEO has finally confirmed that it's pursuing an alliance with General Motors' German arm Opel.

In the Fiat-owned newspaper La Stampa, CEO Sergio Marchionne said, "Now we have to concentrate on Opel. They are our perfect partner."

Coupled with the Chrysler alliance, if the deal with Opel would go through, that would make Fiat the world's number-two automaker behind Toyota. However, both Italian and German labor leaders are opposed to the venture, fearing sizable cutbacks to both Opel and Fiat's workforce.

In GM's recently revised restructuring plan, the General's generals laid out a plan to spin-off the Opel and Vauxhall divisions into a separate unit, which would require another investor for GM to secure financial aid from the German government. Currently, GM claims to have six investors interested in Opel, and along with Fiat, Canada's Magna is also in the offing.

http://www.autoblog.com/2009/05/01/auto-th...ship-with-opel/

Chrysler and now Opel? Wasn't there a few rumours going around a couple months ago saying how Fiat was nearly in financial shambles or on its way there?

[BlackJack]

Maybe Fiat worked its way up and then realized it needs a backup plan?

[moe]

Fiat's mostly recovered from their troubled times, though they've emerged heavily in debt. I understand why they want to acquire Chrysler, as it would serve as a gateway into the US (where the group only sells Ferraris and Maseratis), but why Opel and Saab? Opel just seems to be a duller version of Fiat, and wouldn't Saab clash with Alfa or the struggling Lancia?

[moe]

Nevermind, looks like Fiat isn't interested in Saab, though they still want Opel/Vauxhall.

Oh, and Fiat wants to kill-off the Ram, Wrangler and Viper, among other things.

[phix]

Really? The Viper? I guess it hasn't really been selling well, huh? I mean... with so many variations of the C6 on offer why bother with the Viper anyway?

[moe]

^ Last I heard they were selling more than they could make. Which is more than could be said of anything else Chrysler have on sale. Rumor is they want to kill it because it's a Ferrari rival? Sounds like utter bull to me.

EDIT: Article on Viper sales

[BlackJack]

^ Interesting. The Viper itself is good, but not impressive enough for handling and the top end. It's only good at acceleration.

[moe]

That's bullshit. The Viper can run with the best in the world on a track. Don't believe me, check out the ACR's 'Ring lap.

Also, looks like Renault wants Saturn as a launchpad for US operations, and Geely wants Saab?

[moe]

Marchionne confirmed as Chrysler's post-bankruptcy CEO.

[jaywujing123]

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[mykoo0000]

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[lsqdj]

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