Fiat submitted two bids for Opel, wants to buy Saab as well

Posted: May 21, 2009

Filed under: Fiat, GM, Industry News, Opel, Saab

As reported yesterday, Fiat has confirmed that it has submitted a bid to buy General Motors Opel and Vauxhall brands. Sources familiar with the matter said today that Fiat submitted two bids, one with and one without an offer for GM’s Latin American operations.

Speaking to Automotive News Europe, sources said that Fiat also wants Saab but did not include its offer for the Swedish brand in the bid for Opel since its sale is a separate process.

Fiat declined to comment how much it offered for Opel and Vauxhall.

Magna International and investment group RHJ International have also submitted a bid for Opel.

- By: Omar Rana

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Neil

I think Marchionne is channeling his inner napoleon

Though it makes a lot of sense, what Fiat has is the small car platforms 500/Punto/MiTo and Luxury Ferrari/Maserati
Opel has the mid-size with the Insignia and small cross-overs (as I said yesterday the Insignia fits the profile of a future Chrysler 200M perfectly)
And Chrysler has the large paltform, more importantly it has the Grand Cherokee and Dodge RAM.
Vauxhall is dumped as a Manufacturer (lots of english workers out of jobs!!) and Saab goes the same way but is used to help establish Alfa in the US (if you can't sell Alfa's in Chrysler dealership, you sure can at Saab, then the next 9-3 and/or 9-5 shares platform with the Alfa 159)

It is a grand plan for sure but you can see why

zermatt

What is in the drinking water at Fiat?

Will Fiat be so over leveraged that the Italian government will need to rescue them?

Or will Fiat be looking to the US to help them out?

Either way, it is time for Daddy to take Jr.'s credit card away.