ROME "“ Fiat Group SpA confirmed Sunday it was in talks to acquire General Motor's European operations with the aim of possibly creating a new company to also include its newly acquired Chrysler automaker.
Combined, the new automaker would have euro80 billion ($105 billion) in annual revenues, Fiat said in a statement.
Fiat said it was evaluating the possible spinoff of its auto business to form the core of the new company. Fiat Group Automobiles includes the Fiat, Alfa Romeo and Ferrari brands.
http://news.yahoo.com/s/ap/20090503/ap_on_re_eu/eu_italy_fiat_gm
The statement was issued on the eve of a meeting in Berlin between Fiat Group CEO Sergio Marchionne and the German economy and foreign ministers to discuss Fiat's offer for GM's German unit, Opel.
GM Europe also includes the British company Vauxhall and the Swedish carmaker Saab.
this could get interesting...i wonder...does the US Government/Peoplegetthe bailoutmoney back from the deal?
Fiat eyes new company with GM Europe, Chrysler
