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September 29, 2009

ITALY: Fiat seen inking Bertone deal Thursday

Fiat will sign a preliminary agreement to buy Carrozzeria Bertone on Thursday, trade union sources said on Tuesday.

Fiat will sign a preliminary agreement to buy Carrozzeria Bertone on Thursday, trade union sources were quoted as saying on Tuesday.

Italy’s industry ministry authorised the sale of the troubled Turin-based car designer and contract assembler to Fiat at the start of August.

Fiat will sign the accord for Carrozzeria Bertone with special administrators, the sources told Reuters.

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