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In Germany, Sergio Marchionne, the boss of Italy’s Fiat, drummed up support in Berlin for audacious plans to snap up General Motors’ European arm and merge it with the bankrupt Chrysler to create a new global auto giant

Monday 4th May 2009

In Germany, Sergio Marchionne, the boss of Italy’s Fiat, drummed up support in Berlin for audacious plans to snap up General Motors’ European arm and merge it with the bankrupt Chrysler to create a new global auto giant. Germany’s economy minister said Fiat Group SpA wanted to take over GM’s Opel unit without running up debt and would preserve the three main German assembly plants if successful.

Nigel Freestone

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