Fiat Group’s President, Sergio Marchionne To Present Plan Of Large European Car Company With Chrysler, GM Europe

Posted on 03. May, 2009 by in 2000-2009

fiat2.jpg

The Financial Times Reports that Fiat is planning on presenting a plan to create a large european car company with Chrysler and General Motors Europe to transform the automotive landscape.

It finally looks like what I heard about a long time ago, may be going through with Fiat & General Motors Europe’s new group.

The question at this time is, what does that mean for Saab Automobile as well given that they are still currently part of General Motors Europe?

Here are some excerpts from the column.

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.

Mr Marchionne had spoken of spinning off Fiat Auto from the group’s Iveco trucks, CNH farm and construction equipment, and Ferrari / Maserati luxury divisions as long ago as 2004.

In an interview with the Financial Times, Mr Marchionne said: “From an engineering and industrial point of view, this is a marriage made in heaven”.

Tags: , , , , , , , , ,

No Responses to “Fiat Group’s President, Sergio Marchionne To Present Plan Of Large European Car Company With Chrysler, GM Europe”

  1. Peter

    04. May, 2009

    Chrysler was always popular in Sweden, that’s why Saab cars are built like us cars of the thirties. Tough!

    Peter Gilbert

    Reply to this comment
  2. Cars for sale

    03. Feb, 2010

    I think that all the major brands should share ideas and loose the competative streak but its a business and busnisses always have to try and be on top. Plus if brands come together how many jobs will be lost?

    Reply to this comment

Leave a Reply



Production Concept