| Author (Person) | Reed, John |
|---|---|
| Series Title | Financial Times |
| Series Details | 1.6.09 |
| Publication Date | 01/06/2009 |
| Content Type | News |
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Major analysis feature on the implications of the deal to sell GM Europe to Magna International. Fiat’s Sergio Marchionne, thwarted in his efforts to build a big listed carmaker around GM’s Opel/Vauxhall in Europe and Chrysler, looks like one of the first collateral victims of GM’s impending bankruptcy. But the bigger long-term casualty could be the health of European carmaking after the failure of the first serious attempt – launched publicly in April 2009 by Fiat’s chief executive as a 'marriage made in heaven' – to profit from the industry’s upheaval by reaping much-needed efficiencies through a big cross-border merger. |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
