Jump to content
Forums Gone... but not forgotten!
Pontiac of the Month

4 bucket 67's 1967 GTO

2019 March
of the Month

  • Welcome to Forever Pontiac

    We are a community of Pontiac enthusiasts. The purpose of our community is to keep alive the Pontiac spirit by sharing (or showing off) our cars, discussing Pontiac, helping each other work on our cars and find information, plus attend various meets/shows/etc... To aid discussion, sharing, event planning and selling of parts/cars/anything, we have various parts of the website to aid this from Forums to an online Garage to Classifieds to even a Document Download Repository. You can find links to these in our navigation above based on what each section helps with (discussion, local events, learning, etc...).

    We invite you to contribute, find help or just view some of our member's amazing cars! Don't forget, we also have great contests from time to time (like our Pontiac of the Month and yearly calendar contest) and our Pontiac This OR That, a fun game where you choose the best of two randomly selected Pontiacs from our online garage.

    We look forward to seeing you around!

Archived

This topic is now archived and is closed to further replies.

Ringo64

RSS Report: Audi rumored to buy Alfa Romeo, officials deny it

Recommended Posts

Filed under: Europe, Plants/Manufacturing, Audi, Earnings/Financials, Alfa Romeo, Fiat

alfa-romeo-4c-628.jpg

For more than two years, Volkswagen has been making public statements about its willingness to buy Alfa Romeo and quadruple the Italian brand's sales, and for just as long, Fiat CEO Sergio Marchionne has replied with some version of "Mr. Piëch, drop it." According to a report in Ward's Auto, all that jousting might be over: it claims that sources close to both Marchionne and Audi CEO Rupert Stadler admit that the two are in talks for Audi to buy not just Alfa Romeo, but a production plant in Italy. In fact, a final deal could possibly include partsmaker Magnetti Marelli.

Against that backdrop, a report by German news weekly Stern quotes a Fiat spokesmen as saying it doesn't comment on rumors and an Audi rep has said flatly that "There is no substance in the news." If a sale is being arranged, the timing would seem to point to how eager Fiat is to raise cash to complete its major initiatives. Even though Alfa Romeo continues to delay its return to the US, it just showed off the production version of the 4C at the Geneva Motor Show (shown above) and said that preferred Fiat dealerships here would get them. Then there's Alfa's recently concluded deal with Mazda to develop a roadster based on the next generation MX-5 Miata - a deal that would seem to help both the Italian and Japanese brands.

The monetary issues are troublesome, though. Fiat is taking a beating in the European market and its weak-kneed balance sheet is delaying gotta-have-it products like the Jeep Cherokee. Fiat has been talking to banks about getting money to buy the rest of Chrysler and those financial institutions have also raised issues about debt and cash reserves, and the nasty game of chess Fiat is playing with the United Auto Workers (and now the court system about the portion of Chrysler it doesn't own) could end up blowing another hole in Marchionne's plans. It is possible that this could finally have convinced Fiat to at least see how serious Audi's parent company, Volkswagen, is about buying Alfa Romeo. Or it could be just another rumor.

Beyond Alfa Romeo, the report says the deal being discussed would include the rather modern Pomigliano d'Arco plant built just for the production of Alfa Romeos. Audi's interest in Magnetti Marelli is claimed to be because the German brand wants a components maker and it would also like to establish an R&D center in Italy, where its holdings already include Lamborghini, Ducati and the styling house Italdesign-Guigiaro.

Audi rumored to buy Alfa Romeo, officials deny it originally appeared on Autoblog on Thu, 28 Mar 2013 19:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments
autoblog?i=4pFPl45Alto:9UonoPxuY04:wF9xT autoblog?i=4pFPl45Alto:9UonoPxuY04:V_sGL
4pFPl45Alto

/>http://feeds.autoblog.com/~r/weblogsinc/autoblog/~3/4pFPl45Alto/

Share this post


Link to post
Share on other sites

Tired of these Ads? Register Today!


Tired of these Ads? Purchase Enhanced Membership today to remove them!
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.