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Even while Fiat explores alliances with Mazda or Suzuki, Italian business newspaper Il Sole 24 Oro reports talks are continuing with General Motors about a possible tie-up with Opel that would operate “in the margins” of GM’s new deal with PSA-Peugeot. Confirmation of the discussions came yesterday from Opel CEO Karl-Friedrich Stracke at the Geneva [...]
Richard Hilgert, equity analyst with Morningstar, asked Sergio Marchionne about the progress, in terms of early innings or late innnings, of the integration of Chrysler and Fiat. Marchionne replied, “It’s almost impossible for me to give you a percentage of the extent to which the integration between these two houses is progressing because a lot [...]
After less than two years, Suzuki wants a divorce. Following an unscheduled board meeting Sunday, the Japanese automaker announced it will ask Volkswagen to sell its shares of Suzuki, saying the relationship threatens its independence and hasn’t produced a single joint project. “The relationship is like a marriage and a divorce,” said Chairman Osamu Suzuki. [...]
Bloomberg’s Olivia Sterns reports on the revival of Fiat SpA under Chief Executive Officer Sergio Marchionne and the outlook for the alliance with Chrysler. Bloomberg video © 2011 Bloomberg LP Read comments / add your own on the Allpar Forums