Fiat worth more than GM. Really.

How times change. The market value of the Fiat Group is now $12.87 billion, comfortably ahead of General Motors at $12.67 billion. The Financial Times reports that a little over 2 years ago, when it was planning to buy the group’s automaking division, GM was worth more than seven times Fiat. I guess that multi-billion dollar loss on the Fiat deal is taking on a whole new dimension now…

By s.waterman@p1data.com
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How times change. The market value of the Fiat Group is now $12.87 billion, comfortably ahead of General Motors at
$12.67 billion.

The Financial Times

reports that a little over 2 years ago, when it was planning to buy the group’s automaking division, GM was worth
more than seven times Fiat.

I guess that multi-billion dollar loss on the Fiat deal is taking on a whole new dimension now…