Re: Ferrari and Alfa

[Stacy Faught <slfaught@domain.elided>]

According to the terms of the put option that Fiat has, the company
cannot be reconfigured in any major way prior, or it  cancels the option.  This
would also include the Italian government taking a large stake in the company,
as has been rumored in the press.  Being that Alfa is really the only valueable part
of the company, if they seperate Alfa from the Fiat auto group, it ensures the demise
of the auto group as a whole, since no buyer in their right mind would take on the
debt and liability of the Fiat/Lancia brands.  
Related to this:  I was reading a wall street analyist's report on the current state of Fiat, and
to sum it up, the company is a total mess, but the Alfa brand is the shining star since they 
have experienced a bit of a rejuvination with innovative new products.  Nice to see our
favorite car manufacturer getting kudos in the general press...who knows, it may yet tempt
GM to bring the brand over here.  


>Date: Fri, 6 Dec 2002 12:07:24 EST
>From: GLewis4457@domain.elided
>Subject: Re:Ferrari and Alfa...
>
>In a message dated 12/6/2002 8:02:05 AM Central Standard Time,
>owner-alfa-digest@domain.elided writes:
>
>> Date: Thu, 05 Dec 2002 20:32:39 -0800
>> From: George Graves <gmgraves@domain.elided>
>> Subject: Re:Ferrari and Alfa...
>>
>> Merit or no, its a natural. A marriage made in heaven or is it Milan?
>>
>> George Graves
>> '86 GTV-6
>>
>>
>
>As desireable as this seems, I have to wonder if GM has a say in whether it
>can happen or not.  As understand it, Alfa was made a part of the FIAT/GM
>bargain as future value.  BUT, since the call is FIAT's, by allowing Alfa to
>be sold to Ferrari it would in effect be cancelling the deal with GM.  One
>for the legal eagles I suspect.
>
>Jerry in Houston
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