Fiat CEO Sergio confirms interest in Opel

Posted: May 01, 2009
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Fiat CEO has confirmed that the Italian automaker is looking to form an alliance with General Motors’ Opel.

“Now we have to concentrate on Opel. They are our perfect partner,” CEO Sergio Marchionne told a Fiat-owned newspaper La Stampa.

According to Automotive News, Italian and German unions oppose to the deal fearing an alliance would lead to massive job cuts. There is also interest in Opel from Austrian-Canadian supplier Magna International.

Yesterday, Fiat wrapped up a deal with Chrysler LLC that give the Italian company 20 percent stake in the U.S. automaker. It will later increase its stake to 35 percent.

- By: Omar Rana


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  • wedswo

    The Italian is back in full saddle!

  • GMfan87

    don't do it GM!!

  • zermatt

    Seem like GM (Governmental Motors) has had a lapse of memory. How soon they have forgotten the $1 BILLION that they paid to Fiat to end an earlier business relationship. How does the saying go? “Those that don't learn from history are doomed to repeat it?”

  • GMfan87

    indeed…hope they don't make the same mistake twice…

  • Chris

    Fiat and Chrysler makes total sense but Fiat and Opel makes no sense, their products overlap in every vehicle segment. In some cases, I believe the Alfa 159, Fiat is actually using an Opel platform and a GM 3.2 V6 which is based on the 2.8 / 3.6 V6 which is found in many current GM products (CTS, 9-3, G8 etc). Magna International investing in Opel makes perfect sense. In a perfect world they would also buy Saturn and then they could just use the Saturn dealer network to sell Opels in North America, and possible down the road manufacture them in the US or Canada. I'm sure tons of current empty auto factories would love to make them.

  • kamlesh yadav

    this car is beauti

  • kamlesh yadav

    this car is beauti