Fiat confirms making non-binding offer to buy Bertone

Fiat SpA has confirmed that it is making a non-binding offer to buy struggling Italian coachbuilder Carrozzeria Bertone, which is currently headed by Lilli Bertone, widow of Nuccio Bertone, the co-founder. Other bidders include entrepreneurs Gianmario Rossignolo and Domenico Reviglio, Chinese automaker FAW Group Corp. and an unnamed Spanish group.

Italian bankruptcy court administrators plan to name the winning bidder by the end of the month – with a deadline to make bids set for July 16, reports Automotive News.

Fiat did not say what it plans to do with Bertone’s Turin factory, which has an annual capacity of 70,000 units with two shifts. Bertone has the capacity to build 100,000 units with three shifts.

– By: Stephen Calogera