One of the last vestiges of the aborted partnership between Fiat and General Motors is coming to a close. An engine plant in Bielsko-Biala, Poland, has been jointly owned by GM and Fiat Powertrain Technologies (FPT). FPT has reached an agreement with GM to buy out the American company's stake.
Both General Motors and Nissan North America have announced they will be donating over $100,000 each to aid the earthquake relief effort in Haiti. If you haven't seen the news lately, a magnitude 7.0 earthquake struck Haiti on January 12 near Port-au-Pince, killing tens of thousands of people (maybe over 100,000) and destroying the country's infrastructure. Governments and companies from all over the world have pledged aid for the victims and this broken nation, but so far GM and Nissan's Americ
Apparently, Fiat's alliance with Chrysler is only the beginning. According to a variety of reports coming out of the UK and Germany, the Italian automaker's expansion plans aren't limited to its 20% stake in Chrysler – Fiat is also considering acquiring General Motors' European operations, including Opel, Vauxhall and even Saab.
Emerging reports concerning the future of General Motors' European assets casts some new light on the role which the American automaker could take with Opel and Vauxhall. The ownership and investment in Adam Opel GmbH has been a topic of much discussion recently, with General Motors seeking local government support, considering letting Opel go independent, the involvement of outside investors, and possibly the sale of the entire operation to another automaker, with Fiat and contract manufacturer