manchild wrote:
[...] Ferrari is already under GM [...]
manchild wrote:
Ferrari is under Fiat, Fiat is under GM.
FIAT Spa is a group and it’s obviously composed by several companies working in different areas, automotive being the most important and known one.
The automotive sector of FIAT Spa is composed by :
- FIAT Auto Holdings B.V. (Fiat Auto) that includes FIAT, Alfa Romeo, Lancia.
- Ferrari
- Maserati
and few others.
The whole GM-FIAT affair wasn’t about FIAT Spa, but it was, and always has been, about FIAT Auto only.
Since Ferrari and FIAT Auto are two separated entities in the FIAT Spa group, It follows that not only Ferrari isn’t certainly under GM now, but it never has been and never was intended to be.
In fact, even with 100% of FIAT Auto, something GM never had, GM would have had nothing to do with Ferrari.
Furthermore not even FIAT Auto is under GM now, actually it’s debatable also that it was previously because GM had, at most, 20% of it, at the start of the Master Agreement in 2000, later the investment became 10% only. Now both the MA and the put option (the GM obligation to get hold of 100% of FIAT Auto had FIAT Spa decided to sell it between 2004 and 2009) are cancelled, GM agreed to pay 1.55 billions € for that. GM has nothing of FIAT Auto.
manchild wrote:
I'm talking about infleunce and shares.
[...]
So, they are divorced but not completely.
What remains now is simply an industrial partnership that would have been incredibly stupid and costly to not continue, to trash at least two new cars almost ready for production isn’t smart.
But that partnership doesn’t involve shares and certainly GM has no influence on FIAT, just like FIAT has no influence on GM.
GM simply can use FIAT technology for diesel engines, and FIAT and Opel use the same platform for the new Punto and the new Corsa.
This kind of industrial partnership is a very usual thing in the automotive world and in fact FIAT recently announced another one, with Ford Europe this time, the new small cars, lets call them 500 and Ka for now, will use the same platform. But again, that doesn’t mean that FIAT will be under Ford or viceversa.