GM replaces Ford as Fiat suitor
NZPA-AFP New York General Motors, the leading American car manufacturer, has begun negotiations with the Italian manufacturer, Fiat, to merge their European operations, the “Wall Street Journal” reports. The newspaper said a meeting of executives from the two firms apparently took place in London more than a month ago at the initiative of General Motors — before a breakdown in merger talks between Fiat and Ford, the second largest
U.S. car manufacturer. Ford and Fiat announced earlier last week that after a year of negotiations they had concluded a merger would not be feasible. A General Motors spokesman denied that talks were in progress. The “Wall Street Journal,” which attributed the information to anonymous services, said the negotiations were being conducted by Detroit headquarters officials. It emphasised that the talks were believed to be far from a conclusion.
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Press, 14 October 1985, Page 34
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143GM replaces Ford as Fiat suitor Press, 14 October 1985, Page 34
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