Alfa Romeo/Alfa Romeo Digest Archive

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Hmmmm...Just read this



Italian media reports say the Fiat Group's major creditors want Fiat Auto to
be sold to GM before 2004, when Fiat's put option to sell its remaining 80%
stake to GM comes into play.  A report in la Repubblica says that IntesaBci
SpA, Sanpaolo IMI SpA and UniCredito Italiano SpA are all putting pressure
on General Motors to rewrite the terms of its accord with Fiat to bring the
sale forward.  The creditors are concerned that a ``further two years of
uncertainty would be fatal for Fiat,'' Repubblica said.  Fiat Auto has
looked increasingly vulnerable this year in the face of falling market share
in Italy, rising losses and disappointing sales of the recently launched
Stilo model range. 
--
to be removed from alfa, see /bin/digest-subs.cgi
or email "unsubscribe alfa" to majordomo@domain.elided


Home | Archive | Main Index | Thread Index