[alfa] Ferrari leaving and taking Alfa....

[Eric Storhok <alfa@xxxxxxxxx>]

To be honest, I would be floored if Ferrari was let go from the Fiat Group 
and sold Alfa....

We all know Fiat Auto is (and has been) bleeding money, but with Alfa as a 
small glimmer of profitability.  Yes?

And we know that Ferrari (and Maserati) have been reasonably profitable for 
Fiat SPA.

So why would Fiat SPA 1) let a profitable arm of Auto, and 2) let 
profitable Ferrari go?  I just don't see it.  That would also make Fiat 
Auto that much less profitable.  It may, over time, start making money 
again, but it would be tough when you let go money....

I know what you are thinking- Fiat SPA will force the "put" option on GM, 
thus part with a loss company.  Again,  I just can't see that 
happening.  GM has made it public that they think Fiat has violated the 
contract, which would void the option.  They will fight this tooth and 
nail.  I know most of you think GM are a bunch of loosers, but right now, 
they do NOT have the cash to do this, and keep their recovery in "tact" (if 
you could call it that, ha, ha.. ;).

Just my opinion (from 1/2 way in the industry).

Eric Storhok
AA, MI



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