Blog: Fiat and Opel
Dave Leggett | 5 May 2009
By the end of last week we saw Fiat's Sergio Marchionne finally coming clean on GM's European operations. Yes, he's interested in Opel, very interested. He sees value in bringing Opel and Fiat together. A rival bid from Magna is also likely, but don't underestimate Marchionne's ability to woo the politicians. A charm offensive with the German government is apparently well under way.
GM in Europe has too much capacity and tieing up with Fiat would create overlaps and opportunities for cost saving. The big question is this: to what extent would Marchionne seek to rationalise GM's European manufacturing operations? And if the axe were to fall, where would that be?
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