PeachParts Mercedes-Benz Forum - View Single Post - FIAT eats Chrysler and is still hungry! Pt 1

LUVMBDiesels · #2 01-23-2009, 11:25 AM

Bayerische Motoren Werke AG, the largest maker of luxury cars, aims to continue talks about cooperation between its Mini unit and Fiat’s Alfa Romeo brand, spokesman Marc Hassinger said Jan. 21. The company couldn’t be reached for further comment yesterday. BMW traded 4.3 percent lower at 17.52 euros.
The French state, which has pledged as much as 6 billion euros to help Peugeot and Renault survive the recession, has already sounded a cautious note about any tie-up with Fiat.
“I’m not convinced consolidation is the answer,” Industry Minister Luc Chatel said in a Bloomberg Television interview Jan. 13. “What we need to do is improve competitiveness so that we can keep automobile production in France.”
To contact the reporters on this story: Laurence Frost in Paris at lfrost4@bloomberg.net; Marco Bertacche in Milan at mbertacche@bloomberg.net
Last Updated: January 23, 2009 08:02 EST