Well, Foreman called it wrong. I thought Fiat would get control of Vauxhall and Opel, but the giant Canadian car-components-maker Magna won. I was looking at it from an automotive point of view, and the result was skewed by politics.
Tag Archives: Fiat
Here’s an ominous observation we stumbled across on the New York Times website – want to have a stab at what all those map points are for?
The band is about to stop in the big game of Manufacturer Musical Chairs, and Fiat – having already snapped up Chrysler – looks set to get its hands on GM Europe too.
The Big Manufacturer Sale (everything must go!) is about to open, and at the front of the queue, waiting for the shop doors to open is… Fiat.
Chrysler is bankrupt. To a British ear that sounds pretty stark, but in the US it means something rather different – ‘chapter 11 bankruptcy‘. It will keep operating, but it will be able to fend off its creditors and try to renegotiate its debts.
If GM got a bit of a kicking fom the Obama administration, how about Chrysler? The President’s team has said it doesn’t believe Chrysler can survive alone, so if it doesn’t finalise the deal with Fiat within the next 30 days, it gets no more Government money. Which would inevitably leave it bankrupt.
This just dropped into Foreman’s inbox. Thought you’d like to see it ahead of the official reveal. It’s the Fiat 500 cabrio. Here’s the background.
Winner of the Victorian Hat Fetish Award… Fiat re-invents the box by making it massively less useful to actual human beings who aren’t looking for a conversion that includes a hydraulic ramp.
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