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Post by jose on Oct 9, 2002 23:01:37 GMT 1
to see in televion. that the FIAT group regulates worker in 5 factorys. it announces crisis state. to sell but actions to GM? it affected this to CNH?
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Post by Woodbeef on Oct 10, 2002 0:51:01 GMT 1
From what I'm hearing it is only the automotive end of Fiat that is having these troubles. They have been having a fire sale for awhile trying to raise capital,by selling off smaller companies like Magnett Marelli.
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Post by European A on Oct 10, 2002 12:39:07 GMT 1
According to today´s news about 8,000 people working at Fiat Auto Spa will have to leave the Italian factories. As Woodbeef said they just talk about the automotive business.
It involves 20% of the Fiat Auto Spa workers
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Post by Fred on Oct 10, 2002 17:37:55 GMT 1
In respect to CNH they have been raising cash through a share issue I believe. So it seems that side is OK for now. GM are under contract to buy Fiat auto if the owners wish to sell. From what I've read they are preparing the buiness to sell to GM.
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Post by Woodbeef on Oct 10, 2002 18:07:07 GMT 1
The funny thing is no one,not even GM are sure why they are buying into Fiat!!
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Post by eppie on Oct 10, 2002 19:03:55 GMT 1
So, the company is as rusty as the cars they have made !!
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