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REPORT: Fiat wins bid for Bertone

by Jeremy Korzeniewski (RSS feed) on Aug 6th, 2009 at 2:27PM

According to the Wall Street Journal, Fiat has beaten out two other finalists and has won the bid for bankrupt design house and small-scale auto manufacturer Carrozzeria Bertone. The Italian Economic Development Ministry said in a statement that Fiat was chosen as the winning buyer due to its proposed three-year 150 million Euro investment into the company and the promise to keep Bertone's 1,137 workers on the job. Intriguingly, Economic Development Minister Claudio Scajola further said that Bertone's manufacturing unit will be "[integrated] with Chrysler for the production in Italy of... Read More

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