It was all a dream: VW, Fiat CEO says Alfa Romeo and Ferrari transaction ‘just a dream’

Posted: Nov 12, 2010
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Alfa Romeo 8C Competizione - Ferrari 599 GTO

Earlier this morning we reported the Volkswagen AG’s Chairman Ferdinand Piech, who has openly expressed his interest in acquiring Alfa Romeo, is also looking to purchase Ferrari from Fiat SpA. Both Sergio Marchionne, Fiat’s CEO, and Martin Winterkorn, Volkswagen AG’s CEO, said that a sale of Alfa Romeo and Ferrari to the German automaker is only a “dream.”

Volkswagen’s interest in Ferrari and Alfa Romeo “are nice dreams,” Marchionne said at an event in Turin, Italy. Marchionne was quoted by Ansa newswire. Ansa also reported Winterkorn as saying that Alfa Romeo “is just a dream” and the brand “makes gorgeous cars but nothing more.”

Ferrari, Fiat”s most profitable brand, is valued at between 2.3 billion and 3.5 billion euros.

- By: Omar Rana

Source: Automotive News (Subscription Required)


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  • Eric

    I prey to all the gods, the gods of gods, the Italian car gods. I don’t care if you prey to Budda, Jesus, alah, Santa clause, Satan, Moses, please do not let VW Buy Alfa Romeo!!!!!!

    What Alfa Romeo needs is to stop making little french pewee cars like the mito (looks like a mouse on steroids) and design alfa’s that are Italian exotics… Affordable like BMW. and stop trying to anti up w ford or VW. or even mini. Make models to rival the 3-5-7 series, then make a sports car to compete w/ the sl Mercedes like the Diva Concept. Oh yeah, keep the 8C