We'll all be driving Fiats one day. The Fiat SpA Chief Executive is expected to meet with senior German government officials on Monday to discuss a potential alliance with Opel, the German unit of General Motors Corp. After teaming with Chrysler LLC last week, Fiat is rumored to be crafting a three-way alliance among the major brands, reports The Wall Street Journal. If a deal between GM’s European operations and Fiat is reached, the alliance could generate as much as $105.84 billion in revenue a year and would sharply increase the Italian company’s current production of 2.2 million vehicles a year to their goal of 5.5 million. German and Italian unions are resistant and fear job cuts that could result from the merger.
Read it at The Wall Street Journal
