Motor merger

Italian carmaker Fiat is still assessing the possibility of merging Chrysler and General Motors Europe into a new global automotive company. Sergio Marchionne, chief executive of Fiat, met with German economy minister Karl-Theodor zu Guttenberg and other German officials on 4 May  to discuss details of a possible takeover of Opel, General Motors’s German subsidiary. […]

Italian carmaker Fiat is still assessing the possibility of merging Chrysler and General Motors Europe into a new global automotive company.



Sergio Marchionne, chief executive of Fiat, met with German economy minister Karl-Theodor zu Guttenberg and other German officials on 4 May  to discuss details of a possible takeover of Opel, General Motors’s German subsidiary.


The deal would follow the ‘global strategic alliance’ already agreed between Fiat and ailing US carmaker Chrysler.


Fiat reported in April 2009 that its debt rose to €6.6bn (£5.8bn) at the end of 2008. Fiat’s board of directors estimates that an automotive group including Chrysler and Opel would result in approximately €80bn annual revenues.