Filed under: Euro, GM, Opel, FIAT, Rumormill
Despite Fiat SpA chairman Luca de Montezemolo (above)
denying that his company is interested in purchasing General Motors' Opel brand, a new report by
The Wall Street Journal indicates that many investors and analysts apparently find the alleged tie-up to be "far more compelling" than Fiat's proposed alliance with Chrysler. If such a deal were to be consummated, it would make Fiat Europe's number-two automaker, and the prospect of the increased power and lowered overhead that could result still has speculators buzzing.
For their part, Opel spokespeople are declining to comment on the conjecture.
[Source:
The Wall Street Journal | Image: Fabrice Coffrini/AFP/Getty]
Despite denial of Fiat/Opel tie-up, critics say alliance would be "far more compelling" than Chrysler deal originally appeared on Autoblog on Thu, 23 Apr 2009 12:57:00 EST. Please see our terms for use of feeds.
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23-04-2009, 08:10 PM
