The story of Volkswagen’s interest ing buying Alfa Romeo from Fiat SpA seems to be becoming a story that will pop up here and there for the next couple of months. Last month it was reported that Volkswagen is interested in buying Alfa Romeo from the Italian automaker but Fiat CEO Sergio Marchionne clearly said he doesn’t want to sell it and has no plans to do so.
Well, things have gotten down to a more one-on-one level with Volkswagen AG Chairman Ferdinand Piech saying that he has his sights set on Alfa Romeo.
Speaking at the 2010 Paris Motor Show, Piech said “We are patient and have time … you won’t hear anything in the next two years.”
Marchionne reemphasized that he has no intention of selling and said “Let them wait. “If someone comes with 1 billion euros ($1.4 billion)… But I am joking, I have no intention at all of selling Alfa.”
Separately, Volkswagen AG’s group design director Walter de’ Silva says he is ready to create a new Alfa Romeo range.
“If Piech gets Alfa, we are ready,” de’ Silva said at the Paris Motor Show.
– By: Omar Rana
Source: Automotive News (Subscription Required)