Fiat parent says car maker is talking to Volvo, others
Article Abstract:
Fiat SpA confirmed reports that it is talking to Volvo AB about a possible alliance, but stated it is also speaking to other groups. Fiat gave no indication what sort of partnership the two companies are considering and offered no names of the other candidates. The speculation of a possible partnership has driven stocks of both Fiat and Volvo up over the last several weeks. Industry experts say both companies are in need of partnerships in order to cut costs and face increasing competition.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Fiat to revamp or close 18 plants, raise capital
Article Abstract:
Fiat announces it will close or remodel 18 of its automobile manufacturing plants as part of its restructuring. Roberto Testore, chief executive of the car division, announced his resignation.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Fiat had 4.3 billion euros loss for 2002
Article Abstract:
Fiat S.p.A. posted a loss of 4.3 billion euros for the 2002 year. The company also said it would conduct a restructuring of its struggling automobile unit.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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