ITALY: Mediobanca advises Fiat to sell Fiat Auto but keep luxury brands - reports
A report carried by Bloomberg and citing the Italian weekly L'Espresso as source, says that that Italian investment bank Mediobanca has advised Fiat to sell its volume carmaking unit, Fiat Auto, to GM. But the bank also reportedly recommended that Fiat should try to hang on to Alpha Romeo by adding it to Ferrari, thus creating a viable Italian luxury and sports car company.
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