Fiat CEO: 'I Have Nothing To Announce Regarding Opel'
23 April 2009 - 5:25PM
Dow Jones News
Fiat SpA (F.MI) Chief Executive Sergio Marchionne said Thursday
he has "nothing to announce" regarding reports that Fiat is
interested in acquiring a majority of General Motors Corp.'s (GM)
European unit Adam Opel GmbH.
"I have nothing to announce," he told analysts on a conference
call. "There is nothing established" in terms of talks with
Opel.
"To the best of my knowledge we have not had direct interaction
with Opel."
He said Fiat is in talks with other auto makers "around the
world" in order "to accomplish two things."
The two ultimate goals for Fiat, he said, is to be involved in a
process whereby global auto volumes are 6 million units a year, and
that "we can make cars of an architecture to drive the
business."
-By Jennifer Clark and Jeff Bennett, Dow Jones Newswires; 39 02
58 21 9904; djitaly@dowjones.com