In 2000, General Motors and Fiat formed an alliance in which the American company gained 20 percent of the Italian manufacturer’s shares in exchange for 5.1 percent of its own stock. Among other projects, the two companies jointly developed the Gamma platform for B-segment cars that underpinned the 2005 Fiat Punto and the 2007 Opel Corsa.
Fiat’s partnership with GM was short-lived though, and was eventually dissolved – but not before the Italians got US$2 billion dollars as part of the original agreement.
Well, we don’t know how to say “if at first you don’t succeed, try again” in Italian, but Sergio Marchionne surely does – and despite the earlier failure, commented during the Detroit Motor Show that Fiat and Chrysler would be “willing participants” if General Motors wanted to discuss Opel tying up with another manufacturer.
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