Fiat Attempts to Add GM’s Opel Operations to Its Chrysler Acquisition

In some ways the concept is so audacious that it could not have been imagined just a few months ago. Fiat’s Sergio Marchionne is well on his way to positioning Fiat as an auto producer on the same scale of Toyota and Volkswagen. In a February interview that appeared in the April 2009 issue of UK’s Car magazine, Marchionne said that there will only be six major auto makers standing when the current round of consolidation concludes in the next 24 months. With these aggressive steps, first with Chrysler and now with Opel, Marchionne is trying to insure that Fiat is among the survivors. The near-doubling of Fiat’s stock in the last 12 month is clear evidence that Marchionne is a force to be reckoned with. Continue reading at Automotive Traveler