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8 Mar 2003, 22:23 (Ref:529220)
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#1 | ||
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Veteran
Join Date: Jun 2001
Posts: 744
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GM to buy Fiat??
I read an article in a newspaper that General Motors may buy the Italian car company Fiat next year. Can Ferrari be under the GM fold???
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8 Mar 2003, 23:15 (Ref:529289)
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#2 | ||
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Racer
Join Date: Dec 2002
Posts: 239
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i hope they do buy fiat, cause fiat are pants, i went to test drive a bravo 1.9 diesel the other week it was ****, there where bits falling of all the place on the dash, really bad build quality in my view. maybe vauxhall can help em out with that...
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8 Mar 2003, 23:16 (Ref:529292)
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#3 | |
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Veteran
Join Date: May 2001
Posts: 5,702
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GM already own just under 50% of FIAT.
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9 Mar 2003, 10:44 (Ref:529868)
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#4 | |||
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Veteran
Join Date: May 2002
Posts: 972
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Re: GM to buy Fiat??
Quote:
There is "Fiat Group", that is a holding company that owns, or at least has a controlling share in a numbers of companies, including "Fiat Auto" (which builds Fiat, Lancia and Alfa Romeo cars), "Magneti Marelli" (automotive electronics), "Ferrari" (Ferrari and Maserati) and several others including a truck division whose name I can't remember. The one that GM might buy is "Fiat Auto", so Ferrari would appear to be safe from the clutcles of GM. As for the future of the Fiat, Lancia and Alfa Romeo marques, it's anyones guess what could happen to them. As for the percentages, I thought GM only owned 20% of Fiat? http://wardsauto.com/ar/transportation_fiat_gm_meeting/ Last edited by alfasud; 9 Mar 2003 at 10:46. |
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10 Mar 2003, 00:40 (Ref:530823)
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#5 | ||
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Veteran
Join Date: Feb 2002
Posts: 4,936
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It's an old rumor, and GM doesn't want to buy Fiat, they don't see any profit in it.
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__________________
"Put a ****ing wheel on there! Let me go out again!" -Gilles Villeneuve, Zandvoort, 1979
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10 Mar 2003, 02:11 (Ref:530854)
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#6 | ||
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Veteran
Join Date: Mar 2002
Posts: 521
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Ferrari and Maserati are not part of the deal. The origibnal deal was 20% of Fiat Auto for 5% of GM, with an option for GM to buy more. Fiat auto is in so much trouble that they sold off the 5% of GM to a bank about 2 months ago, for around half of what it was worth on the open market when the trade was made about 3 years ago..
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__________________
I specialize in the history of small displacement sports racers from France and Italy, circa 1930-1960.
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